Honolulu Star-Advertiser

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Hawaii News

Ward Village builder charges buyers separate fee to cover school impact assessment

JAMM AQUINO / JAQUINO@STARADVERTISER.COM
                                Some Ward Village homebuyers have been surprised to learn that their closing costs include a school impact fee the state charges the developer, since the fee is usually reflected in the home price. The 565-unit Ko‘ula in Ward Village welcomed its first residents last month.

JAMM AQUINO / JAQUINO@STARADVERTISER.COM

Some Ward Village homebuyers have been surprised to learn that their closing costs include a school impact fee the state charges the developer, since the fee is usually reflected in the home price. The 565-unit Ko‘ula in Ward Village welcomed its first residents last month.