Hale Makana O Moiliili is managed by Mark Development, Inc .
Uniquely perched at the corner of Algaroba Street and Makahiki Way, this site and the future development has quality pedestrian accessibility to services that would cater to kupunas within the community. The prime location, in the Mo’ili’ili neighborhood, provides kupunas access to all necessities that would make residing at the site quite suitable.
This 7-story building will consist of 105 studio and one-bedroom units, and a community resource center. On-site amenities include a computer lab, a multi-purpose room for social gatherings, and an on-site laundry facility. Rents will be restricted to kupunas aged 55 and over earning 30, 50 and 60 percent of the AMI or below.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Studio (Studio/1) | - | Call for Price |
One Bedroom (1/1) | - | Call for Price |
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Honolulu but actual income limits may differ for units at Hale Makana O Moiliili.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $45,850 | $52,400 | $58,950 | $65,500 | $70,750 | $76,000 | $81,250 | $86,500 |
Low Income (60%) | $55,020 | $62,880 | $70,740 | $78,600 | $84,900 | $91,200 | $97,500 | $103,800 |
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.