Hawaii Public School Schedule and Holidays 2013-2014
State of Hawaii – Department of Education
There will no longer be Directed Leave Without Pay days
1st SEMESTER 89 Student Days AUGUST 5 – FIRST DAY FOR STUDENTS
July 30 – First day for teachers
August 5 – First day for students
August 16 Statehood Day
September 2 Labor Day
October 4 1st quarter ends
October 7-11 ** Fall Break ***
October 14-18 One student day off for Teacher Institute Day
October 14 Students return to school
November 5 Election Day
November 11 Veterans Day
November 28 Thanksgiving Day
November 29 School Holiday
December 20 2nd Quarter (46 days) and 1st Semester Ends
December 23 to January 3 *** Winter Break ***
New Year’s Day January 1, 2014
January 6 Student day off for Teacher Work Day
January 7 Return to school
2nd SEMESTER 93 Student Days
January 20 Martin Luther King Day
February 17 Presidents’ Day
March 14 3rd Qtr (47 days)
March 17-21 Hawaii Public School Spring Break 2014 ***
March 24 Return to School
March 26 Prince Kuhio Day
April 18 Good Friday
May 26 Memorial Day
May 29 ** Last day for students**
May 29 4th Quarter (46 days) and 2nd Semester Ends
May 30 Last day for teachers
** Commencement Exercises: No sooner than May 23, 2014
2013 Military Housing Allowance (BAH) Rates in Hawaii
Military Housing Allowance (BAH) for Hawaii
If you’re thinking of buying OR selling a home anywhere in Hawaii (or the US), call me at 808.723.0900 or send an email by clicking here or to firstname.lastname@example.org. I moved 18 times while on active duty, so I know what a PCS move is!
** 2013 Military Basic Housing Allowance (BAH) for Hawaii (NOW Available) ** UPDATED 12/19/2012 (Click HERE for pdf version of 2013 BAH component breakdown for all locations) or use calculators below.
Below are the rates of tax-free housing allowance (Basic Allowance for Housing, or military BAH) that are provided to enlisted, warrant officer and officer military personnel (with or w/o dependents) who are authorized to reside off base State of HAWAII, for calendar year 2012 or 2013.
BAH Hawaii 2013 Calculator – Updated 12/19/12
Many military members have the choice to live on-base or off-base. So, which is better? There is no clear answer. It depends on many factors. Here is a link to the BAH DOD Housing Allowance Calculator for Hawaii
As an example:
E-7 with DEPENDENTS: $2835.00
E-7 without DEPENDENTS: $2178.00
Try this calculator and see for yourself if buying makes sense (keeping the home for 12 years, use an appreciation rate of 6%, which means the price doubles every 12 years. That is historically true almost everywhere including Hawaii ):
For property taxes, it will be about $850 for a $300,000 home (with owner home exemption). I would use $5000 per year for maintenance costs, 2% for savings and 3% for inflation. “You would save over $100,000 (in today’s dollars) by buying a home, rather than renting, over the 12 year time frame you have entered.” Even when I raise the annual maintenance costs to $6000, or $7000, it still comes out higher.
If you want to live close to Tripler, choose Aiea, Salt Lake, Moanalua, Pearl City, Kalihi, Pali, Kakaako, Pauoa Valley, or Punchbowl, those are all within 5 miles. For other locations, call or email for information.
The years that you live in a home give you the biggest tax advantage. Also, if you live in it for 2 out of the previous 5 years, ALL of the gain is tax free. You may be eligible for additional state or federal tax credits as well. The 2 years DO NOT have to be continuous.
Frank Diaz, MBA (RA) e-PRO
Senior Chief, US Navy, Retired
East Oahu Realty
808 723 0900
Email: Frank /@/ Hawaiihome.biz
Honolulu Luxury Condo One Ala Moana Tower
HHMK Development, LLC, comprised of landowner and developer The Howard Hughes Corporation (NYSE: HHC) and a joint venture of Honoluludevelopment firms, The MacNaughton Group and Kobayashi Group, will discuss the latest developments in its highly anticipated luxury residential tower to be built at Ala Moana Center. This world class development, named “ONE Ala Moana,” will offer an ultra-luxury lifestyle to a mix of local and international residents. HHMK Development will share the latest plans for the luxury condominium development above the existing Nordstrom parking structure.
The Kobayashi Group decided to start unit sales at ONE Ala Moana project after a full page newspaper ad that was to have run Monday ran on Friday instead. If you’re thinking of buying OR selling a home in Hawaii, call me at 808.723.0900 or send me an email by clicking here or at email@example.com.
“It was originally planned to open next Tuesday,” said Joyce Timpson of Joyce Timpson & Associates. “However the Star Advertiser ran the ad today instead of Monday.” The ad is supposed to provide 24-hour notice of unit sales to prospective owner-occupants.
This world class development, named “ONE Ala Moana,” will offer an ultra-luxury lifestyle to a mix of local and international residents. Earlier this year, HHMK Development shared its plans to evaluate development of luxury condominiums above the existing Nordstrom parking structure at Ala Moana Center, which was designed to support a residential tower.
The developer of the 206-unit tower dubbed ONE Ala Moana released project details Monday, including prices, renderings, amenities and a development timetable.
American Savings Bank
D.R. Horton – Schuler Homes
John Child & Company, Inc.
KAI Hawaii, Inc.
Old Republic Title & Escrow
Outrigger Enterprises Group
Title Guaranty of Hawaii
Yamaguchi & Yamaguchi, Inc.
Mortgage Credit Certificate (MCC) Program
How Does it Work?
If you apply for an MMC loan / mortgage you are eligible for 20% of your annual mortgage interest as a direct federal tax credit, resulting in a dollar for dollar reduction of your annual federal income tax liability. The remaining 80% of your annual mortgage interest will continue to qualify as an itemized tax deduction.
The home you buy must be your principal residence.
You can not have an ownership interest in a principal residence at any time in the last three years.
The mortgage loan must be a new loan (not a refinance).
The federal government considers the MCC tax credit to be a subsidy. As such, you may be subject to federal “recapture tax” if you sell your home within nine years of purchase or you sell your home at a gain and your income increases above a specific level.
QUESTIONS AND ANSWERS
What is a Mortgage Credit Certificate?
The Mortgage Credit Certificate Program was authorized by Congress in the 1984 Tax Reform Act as a means of providing housing assistance to families of low and moderate income. The Hawaii Housing Finance and Development Corporation (HHFDC) is an Issuer of Mortgage Credit Certificates.
The Mortgage Credit Certificate (MCC) reduces the amount of federal income tax you pay, thus giving you more available income to qualify for a mortgage loan and assist you with house payments.
The MCC is available to homebuyers who meet household income and home purchase price limits established for the MCC Program, as well as other federal eligibility regulations.
How will a Mortgage Credit Certificate assist my home purchase?
The federal government allows each homeowner to claim an itemized federal income tax deduction for the amount of interest paid each year on a mortgage loan. For a homeowner with a MCC, this benefit is even better: 20% of your annual mortgage interest will be a direct federal tax credit, resulting in a dollar-for-dollar reduction of your annual federal income tax liability. The remaining 80% of your annual mortgage interest will continue to qualify as an itemized tax deduction.
The amount of your mortgage credit depends on the amount of interest you pay on your mortgage loan. However, the amount of your mortgage credit cannot exceed the amount of your annual federal income tax liability. Unused mortgage credit can be carried forward for three years to offset future income tax liability.
What are the loan terms?
You are free to seek financing from any lender. However, MCCs are available only through participating lenders.
QUESTIONS AND ANSWERS listed on this brochure. The lender providing the financing is allowed to establish the interest rate, loan term, down payment requirement, credit and underwriting criteria, loan type, mortgage insurance requirement, fees, points, closing costs, and all other terms.
A MCC can be used in conjunction with a conventional fixed rate loan, variable rate loan, FHA loan, VA loan or privately insured loan. However, a MCC cannot be used with a Hula Mae loan.
How long does the Mortgage Credit Certificate last?
The MCC will remain in effect for the life of your mortgage loan, so long as the home remains your principal residence. The amount of your annual mortgage credit will be calculated on the basis of 20% of the total interest paid on your mortgage loan for that year.
What are the requirements?
The MCC requirements include the following:
The home you buy must be used as your principal residence after you obtain your mortgage. If it stops being your principal residence, your MCC will be automatically revoked and you will no longer be entitled to claim the mortgage credit.
You cannot have an ownership interest in a principal residence at any time in the last three years.
The mortgage loan must be a new loan. You cannot be issued a MCC for the acquisition, replacement or refinancing of an existing mortgage loan. However, you may (on a case-by-case basis) be issued a MCC for the replacement of construction period loans, bridge loans, or similar financing of a temporary nature with a term of twenty-four months or less.
The federal government considers the MCC tax credit to be a subsidy. As such, you may be subject to federal “recapture tax” if (1) you sell you home within nine years of purchase, (2) you sell your home at a gain, and (3) your income increases above a specified level
What are the income and purchase price limits?
The purchase price limits vary by county, while the income limits vary by county and family size.
Income limits by county:
2 or less, 3 or more
Honolulu $123,600 $144,200
Maui $107,160 $125,020
Kauai $98,880 $115,360
Hawaii $88,080 $102,760
The income limits may be increased or decreased by the HHFDC pursuant to U.S. Internal Revenue Service guidelines.
Purchase price limits:
County Newly Constructed or Existing Residences
Magnitude 7.7 – QUEEN CHARLOTTE ISLANDS REGION
000 WEHW40 PHEB 280514 TSUHWX HIZ001>003-005>009-012>014-016>021-023>026-280714- /O.NEW.PHEB.TS.W.0001.121028T0509Z-000000T0000Z/ BULLETIN TSUNAMI MESSAGE NUMBER 3 NWS PACIFIC TSUNAMI WARNING CENTER EWA BEACH HI 709 PM HST SAT OCT 27 2012 TO - CIVIL DEFENSE IN THE STATE OF HAWAII SUBJECT - TSUNAMI WARNING A TSUNAMI WARNING IS ISSUED FOR THE STATE OF HAWAII EFFECTIVE AT 0709 PM HST. THIS UPGRADE IS DUE TO THE SEA LEVEL READINGS RECEIVED AND THE RESULTING CHANGE IN THE HAWAII TSUNAMI FORECAST. AN EARTHQUAKE HAS OCCURRED WITH THESE PRELIMINARY PARAMETERS ORIGIN TIME - 0504 PM HST 27 OCT 2012 COORDINATES - 52.8 NORTH 131.8 WEST LOCATION - QUEEN CHARLOTTE ISLANDS REGION MAGNITUDE - 7.7 MOMENT MEASUREMENTS OR REPORTS OF TSUNAMI WAVE ACTIVITY GAUGE LOCATION LAT LON TIME AMPL PER ------------------- ----- ------ ----- --------------- ----- DART 46404 45.9N 128.8W 0417Z 0.05M / 0.2FT 20MIN LANGARA POINT BC 54.2N 133.1W 0424Z 0.20M / 0.7FT 26MIN DART 46419 48.8N 129.6W 0346Z 0.06M / 0.2FT 12MIN LAT - LATITUDE (N-NORTH, S-SOUTH) LON - LONGITUDE (E-EAST, W-WEST) TIME - TIME OF THE MEASUREMENT (Z IS UTC IS GREENWICH TIME) AMPL - TSUNAMI AMPLITUDE MEASURED RELATIVE TO NORMAL SEA LEVEL. IT IS ...NOT... CREST-TO-TROUGH WAVE HEIGHT. VALUES ARE GIVEN IN BOTH METERS(M) AND FEET(FT). PER - PERIOD OF TIME IN MINUTES(MIN) FROM ONE WAVE TO THE NEXT. NOTE - DART MEASUREMENTS ARE FROM THE DEEP OCEAN AND THEY ARE GENERALLY MUCH SMALLER THAN WOULD BE COASTAL MEASUREMENTS AT SIMILAR LOCATIONS. EVALUATION A TSUNAMI HAS BEEN GENERATED THAT COULD CAUSE DAMAGE ALONG COASTLINES OF ALL ISLANDS IN THE STATE OF HAWAII. URGENT ACTION SHOULD BE TAKEN TO PROTECT LIVES AND PROPERTY. A TSUNAMI IS A SERIES OF LONG OCEAN WAVES. EACH INDIVIDUAL WAVE CREST CAN LAST 5 TO 15 MINUTES OR MORE AND EXTENSIVELY FLOOD COASTAL AREAS. THE DANGER CAN CONTINUE FOR MANY HOURS AFTER THE INITIAL WAVE AS SUBSEQUENT WAVES ARRIVE. TSUNAMI WAVE HEIGHTS CANNOT BE PREDICTED AND THE FIRST WAVE MAY NOT BE THE LARGEST. TSUNAMI WAVES EFFICIENTLY WRAP AROUND ISLANDS. ALL SHORES ARE AT RISK NO MATTER WHICH DIRECTION THEY FACE. THE TROUGH OF A TSUNAMI WAVE MAY TEMPORARILY EXPOSE THE SEAFLOOR BUT THE AREA WILL QUICKLY FLOOD AGAIN. EXTREMELY STRONG AND UNUSUAL NEARSHORE CURRENTS CAN ACCOMPANY A TSUNAMI. DEBRIS PICKED UP AND CARRIED BY A TSUNAMI AMPLIFIES ITS DESTRUCTIVE POWER. SIMULTANEOUS HIGH TIDES OR HIGH SURF CAN SIGNIFICANTLY INCREASE THE TSUNAMI HAZARD. THE ESTIMATED ARRIVAL TIME IN HAWAII OF THE FIRST TSUNAMI WAVE IS 1028 PM HST SAT 27 OCT 2012 MESSAGES WILL BE ISSUED HOURLY OR SOONER AS CONDITIONS WARRANT. $$