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Meta CEO Mark Zuckerberg and his wife Priscilla Chan have donated $626,000 to the nonprofit Permanently Affordable Living Hawaii to finance the creation of five homes in a workforce housing project located on a land trust on the Hawaiian island of Kauai.

Kauai Now News reports the donation will aid Kauhale O Namahana, a Kīlauea-based project that will construct 11 single-family units for low and middle-income households. Permanently Affordable Living Hawaii is building five of the units that will be reserved for households at 120% area median income and below, and Kauai Habitat for Humanity is building the other six units to households at 80% area median income or below.

The Kauhale O Namahana project is part of Permanently Affordable Living’s Ho’omaluhia Community Land Trust, where homeowners enter a 99-year renewable land lease with resale restrictions designed to maintain the home’s affordability for future buyers.

“Our affordability period will be for two, 99-year lease periods for a total of 198 years of affordability through our community land trust,” explained Larry Graff, executive director of Permanently Affordable Living Hawaii.

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The project is slated to be completed by the end of next year and will be located near Zuckerberg and Chan’s 1,400-acre estate named Ko‘olau Ranch in nearby Moloa‘a. Zuckerberg’s net worth is estimated at $195.5 billion, and he ranked fourth on the Forbes Real Time Billionaires List of the world’s richest people.

Photo courtesy of Mark Zuckerberg’s Facebook page

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