Hawaii
Last checked 2026-06-16
25
Designated tracts (of 89 eligible)
8
Rural designated — QROF treatment
12
Former OZ 1.0 tracts redesignated
57
Days until designations take effect
How Hawaii chose
Treasury published the final list on October 30, 2026. Hawaii designated 25 of 89 eligible tracts, its full allocation, in 3 of 4 counties with eligible tracts. Designations take effect January 1, 2027 and run through December 31, 2036. Treasury's October list has 1 more eligible tract here than the April appendix, qualified under its missing-data rules; 1 was designated.
Compared with the eligible tracts it passed over, Hawaii favored former OZ 1.0 tracts, renter-heavy tracts and higher-poverty tracts.
| Trait | Designated | Passed over |
|---|---|---|
| Former OZ 1.0 tract | 48% | 4.7% |
| Rural (QROF) | 32% | 43.8% |
| Urban Institute Tier 1 | 20% | 10.9% |
| Median poverty rate | 20.2% | 18.9% |
| Median family income, % of area | 56.7% | 62% |
| Residents of color (mean) | 79.4% | 74.7% |
| Median density, people / sq mi | 12,114 | 5,686 |
Poverty and income: Treasury's own eligibility figures (ACS 2020–2024). Demographics: ACS 2020–2024. Former OZ 1.0 = at least half the tract's land area was in a 2018 QOZ. How every state compares →
Record: how Hawaii ran its nomination input process
Nomination process
The lead agency has been identified, but no public process has been published yet. Contact information is below.
Map: designated and eligible tracts
Loading 89 eligible tracts…
Designated tracts by county
The county is usually the first local partner on an OZ deal — zoning, infrastructure, incentives. CDEs listed are New Markets Tax Credit allocatees that have already financed deals inside this county's designated tracts: the organizations with a working track record of underwriting there.
| County | Designated / eligible | Rural | OZ 1.0 kept / lost | Residents | NMTC CDEs active in designated tracts |
|---|---|---|---|---|---|
| Honolulu County | 19 / 68 | 2 | 8 / 8 | 50,421 | Advantage Capital Community Development Fund, LLC; Alaska Growth Capital BIDCO, Inc. |
| Hawaiʻi County | 4 / 16 | 4 | 4 / 3 | 21,182 | Nonprofit Finance Fund; Punawai 'O Pu'uhonua, LLC |
| Maui County | 2 / 4 | 2 | 0 / 4 | 4,321 | — |
Counties with no designated tracts are listed only if they lost OZ 1.0 tracts. NMTC: CDFI Fund NMTC public data release. 4 distinct CDEs across Hawaii's designated tracts.
Find projects and partners in the designated tracts
Every designated tract in Hawaii, tagged by the signals that point to a project type or a partner. Pick tags to narrow the list — a tract must carry every tag selected. Tags are simple published rules, not a score; hover a tag for its definition.
25 of 25 tracts shown
Download all eligible tracts, national (CSV) →| Tract | County | Pov. | MFI | Pop. | Rent. | Vac. | Signals | Prior NMTC CDEs |
|---|---|---|---|---|---|---|---|---|
| 15001020300 Homuula-Upper Piihonua Hawaiian Home Land|Piihonua Hawaiian Home Land | Hawaiʻi County | 23.5% | 54.2% | 4,656 | 61% | 10.4% | Rural / QROFFormer OZ 1.0CRA-eligibleTribalHousing pressureUI Tier 1 | — |
| 15001020400 | Hawaiʻi County | 25.8% | 46.7% | 3,259 | 64.9% | 9.6% | Rural / QROFFormer OZ 1.0Housing pressureUI Tier 1 | — |
| 15001020500 Waiakea Hawaiian Home Land|Ponohawaii Hawaiian Home Land | Hawaiʻi County | 22.9% | 93.1% | 6,567 | 64.5% | 9.1% | Rural / QROFFormer OZ 1.0CRA-eligibleTribalUI Tier 1 | — |
| 15001021504 Urban Honolulu | Hawaiʻi County | 26.5% | 64.6% | 6,700 | 51.9% | 8.6% | Rural / QROFFormer OZ 1.0NMTC track recordTribalUI Tier 1 | Nonprofit Finance Fund; Punawai 'O Pu'uhonua, LLC $2.2M · 2 deals |
| 15003001801 | Honolulu County | 30.7% | 63.5% | 776 | 63.2% | 68.9% | Housing pressureHigh vacancy | — |
| 15003001803 | Honolulu County | 19.2% | 42.7% | 2,859 | 68.8% | 25.1% | CRA-eligibleHousing pressureHigh vacancy | — |
| 15003002003 Urban Honolulu | Honolulu County | 13.6% | 56.3% | 1,799 | 64.8% | 40.9% | CRA-eligibleHousing pressureHigh vacancy | — |
| 15003002005 | Honolulu County | 15% | 47.4% | 1,701 | 62.6% | 40.7% | CRA-eligibleHousing pressureHigh vacancy | — |
| 15003002006 | Honolulu County | 13.3% | 62.8% | 2,188 | 58.6% | 26.6% | CRA-eligibleHousing pressureHigh vacancy | — |
| 15003002403 | Honolulu County | 4.3% | 68.2% | 1,698 | 81.8% | 8.2% | CRA-eligibleHousing pressure | — |
| 15003002600 | Honolulu County | 20.2% | 67.7% | 3,803 | 70.8% | 10.2% | CRA-eligibleHousing pressure | — |
| 15003005100 Urban Honolulu | Honolulu County | 17.5% | 59.2% | 2,963 | 63.2% | 1.5% | CRA-eligibleHousing pressure | — |
| 15003005200 | Honolulu County | 31.7% | 40% | 2,653 | 100% | 4.7% | Former OZ 1.0NMTC track recordCRA-eligibleHousing pressure | Alaska Growth Capital BIDCO, Inc. $1.6M · 1 deal |
| 15003005300 | Honolulu County | 27.6% | 47.7% | 4,962 | 94.9% | 4.4% | Former OZ 1.0CRA-eligible | — |
| 15003005400 | Honolulu County | 68% | 30% | 1,248 | 100% | 12.1% | CRA-eligible | — |
| 15003005500 Urban Honolulu | Honolulu County | 17.4% | 56.7% | 2,079 | 55.9% | 3.4% | Former OZ 1.0CRA-eligibleHousing pressureUI Tier 1 | — |
| 15003005700 Honolulu Makai Hawaiian Home Land | Honolulu County | 30.9% | 39.1% | 2,912 | 84.1% | 11.9% | Former OZ 1.0CRA-eligibleTribalHousing pressure | — |
| 15003005800 | Honolulu County | 18.3% | 57.3% | 3,596 | 59.6% | 5.2% | Former OZ 1.0CRA-eligible | — |
| 15003005900 Urban Honolulu | Honolulu County | 14.8% | 52.3% | 2,969 | 90.6% | 7.4% | Former OZ 1.0CRA-eligible | — |
| 15003007504 | Honolulu County | 27.7% | 45.4% | 3,040 | 72.6% | 5.7% | Former OZ 1.0CRA-eligibleHousing pressure | — |
| 15003008502 Kalaeloa Hawaiian Home Land|Kapolei Hawaiian Home Land | Honolulu County | 22% | 84.3% | 3,342 | 100% | 8.2% | Former OZ 1.0NMTC track recordTribalHousing pressure | Advantage Capital Community Development Fund, LLC $0.5M · 1 deal |
| 15003009301 Urban Honolulu | Honolulu County | 47.6% | 40.6% | 1,696 | 90% | 7.1% | Rural / QROFCRA-eligibleHousing pressure | — |
| 15003010000 | Honolulu County | 12.1% | 63% | 4,137 | 80.7% | 10.8% | Rural / QROFCRA-eligibleHousing pressure | — |
| 15009030306 Keokea (Agricultural) Hawaiian Home Land|Waiohuli (Residential) Hawaiian Home Land | Maui County | 20.2% | 67.9% | 2,143 | 50.2% | 18.4% | Rural / QROFCRA-eligibleTribalHousing pressureHigh vacancy | — |
| 15009031404 | Maui County | 13.7% | 72% | 2,178 | 58% | 26.5% | Rural / QROFHousing pressureHigh vacancyAdded Oct. 2026 | — |
Reading the signals for projects
- Rural / QROF — a rural QOF investment gets a 30% basis step-up at five years, and existing buildings need only 50% improvement. Rehab of existing stock pencils here in ways it does not elsewhere. Mechanics →
- Housing pressure — mostly renters, most of them cost-burdened. Housing deals here have demand; they also carry displacement risk, which is where community benefit terms matter.
- High vacancy — vacant structures to bring back. Pair with the 50% rural improvement threshold where both apply.
- UI Tier 1 — the Urban Institute's read that private capital is likely to come and the impact would be larger.
Reading the signals for partners
- NMTC track record — the listed CDEs have underwritten deals in this exact tract. They know the market and can layer NMTC with OZ equity. How they stack →
- CRA-eligible — bank investment here earns CRA credit. Start with community development officers at banks with branches in the county.
- Former OZ 1.0 — QOFs and sponsors may already hold assets here. They are the most likely early OZ 2.0 investors and know the local approvals path.
- Tribal — the tribal government is a principal, not a stakeholder to consult. Persistent poverty — USDA Rural Development programs can fill gaps.
Data context
0
Eligible tracts in EIG DCI top distress quintile
The EIG Distressed Communities Index (2019–2023) is referenced in many state scoring rubrics. Quintile 1 = most distressed. See whether OZ 1.0 reached the most distressed places →
0
Counties with eligible tracts designated USDA persistent poverty
Persistent poverty = 20%+ poverty rate in every census 1980–2010. Source: USDA ERS County Typology Codes (2015 edition). Relevant for USDA RD program eligibility and QROF rural bonus. See QROF rural bonus mechanics →
8
Prior NMTC investments in eligible OZ tracts
CDFI Fund NMTC Public Data Release (2024). Indicates prior CDFI capital deployment track record in these tracts. See how NMTC and OZ stack →
66
Eligible tracts with CRA designation (LMI or distressed/underserved)
Banks earn CRA credit for investing in low- or moderate-income tracts (Track 1), and in non-metropolitan middle-income tracts officially designated distressed or underserved by FFIEC (Track 2). When an OZ project sits in a CRA-eligible tract, bank capital can satisfy CRA obligations while generating OZ tax benefits. How CRA and OZ interact →
Cities: Honolulu, Wahiawa, Waianae, Pahoa, Hilo and 24 more
ZIP codes: 96786, 96817, 96814, 96818, 96822 and 36 more
See all 29 cities and 41 ZIP codes
All cities:
Honolulu, Wahiawa, Waianae, Pahoa, Hilo, Kailua, Keaau, Aiea, Mountain View, Waipahu, Schofield Barracks, Waialua, Volcano, Pahala, Ocean View, Naalehu, Kurtistown, Mcbh Kaneohe Bay, Maunaloa, Captain Cook, Kualapuu, Kihei, Kaneohe, Jbphh, Hoolehua, Hawaii National Park, Haleiwa, Ewa Beach, Wake Island
All ZIP codes:
96786, 96817, 96814, 96818, 96822, 96826, 96815, 96819, 96792, 96778, 96734, 96749, 96720, 96797, 96771, 96816, 96857, 96701, 96823, 96828, 96837, 96860, 96863, 96813, 96785, 96791, 96704, 96777, 96772, 96770, 96760, 96757, 96753, 96744, 96737, 96729, 96721, 96718, 96712, 96706, 96898
Look up a specific tract (FFIEC) → Source: FFIEC Census Flat File 2026, joined to IRS Rev. Proc. 2026-14 eligible tracts.
12
Eligible tracts in top investability quintile (Urban Institute model)
The Urban Institute investability model scores OZ-eligible tracts by predicted likelihood of attracting private capital, based on OZ 1.0 investment patterns. Quintile 1 = highest predicted investability among scored tracts. Not all tracts are scored — coverage reflects tracts with sufficient OZ 1.0 data.
Who to contact
Hawaii Dept. of Business, Economic Development and Tourism (DBEDT)
https://invest.hawaii.gov/business-programs/opportunity-zones/about-opportunity-zones/(808) 587-2785
Certified CDFIs
10 certified CDFIs headquartered in Hawaii. CDFI Fund certified list →
USDA Rural Development
USDA RD Hawaii State Office →RCAP Regional Partner
Rural Community Assistance Corporation (RCAC) →Rural LISC
Rural LISC →Native / tribal
No formal tribal consultation process has been published for Hawaii's OZ 2.0 nomination. If your jurisdiction contains or is adjacent to tribal land, contact the relevant Tribal Historic Preservation Office (THPO) or tribal government directly before submitting a nomination.
Designations: Treasury, 2027 QOZ designations and revised eligible-tract file (October 30, 2026). Demographics: ACS 2020–2024 5-year. OZ 1.0: IRS Notice 2018-48, crosswalked to 2020 tracts. Eligible tract counts: IRS Rev. Proc. 2026-14 (April 6, 2026). Rural designation: Notice 2025-50, Section 4.01. Status tier last verified 2026-06-16. Full methodology.