Workforce Housing Contracts

[Lisa DeAquino]

Has anyone ever gone through a “Workforce Housing” contract?

Workforce housing is offered on Maui as "affordable housing". My husband and I purchased our first townhouse home back in 2019 under a workforce housing contract. Because we payed workforce, and not market value, we must live here for 10 years, we are not allowed to take out equity (only on what we have paid so far) and are not allowed to have a second mortgage. I was considering a HELOC to start my investing journey bc we have so much equity already but I learned we can't until 10 years is up.

Anyone else experienced something like this?