Former Del Monte Hawaii workers begin buying Poamoho Camp homes
HONOLULU — First Hawaiian Bank says many Poamoho Camp residents have begun the process of purchasing their former plantation homes north of Wahiawa in Central Oahu.
The bank said Monday that qualified residents have been offered the opportunity to purchase their single-family homes for an average price of $120,000, or less than half the current market price.
Del Monte Hawaii had told some 300 current and former pineapple plantation workers in 2004 that it was closing Poamoho Camp and they would soon be evicted from their homes.
The bank worked with developer Peter Savio and others to help save the camp for the workers.
In 2005, Savio borrowed $2.6 million from First Hawaiian to complete the purchase of 92 acres of land, including the 34-acre camp and its 63 homes.