Ola Ka 'Ilima Artspace Lofts

1025 Waimanu St, Honolulu, Hawaii 96814

Contact Ola Ka 'Ilima Artspace Lofts

Ola Ka ‘Ilima Artspace Lofts in Honolulu, HI, is a community of 84 units of affordable live/work apartments designed for low-income artists, artisans, culture bearers and their households. Units include one-, two-, and three-bedroom apartments. The property income limits are 30%, 50%, and 60% of the area median income (AMI), adjusted by household size, for Honolulu. The AMI limits, published annually by HUD, will be used to determine if a household is eligible to reside at the property.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	788	From $599 To $1,308
Two Bedroom (2/1)	958	From $1,265 To $1,549
Three Bedroom (3/1)	1416	From $1,439 To $1,767

Eligibility for Ola Ka 'Ilima Artspace Lofts

Ola Ka 'Ilima Artspace Lofts Details

84 one, two and three bedroom units.
HOME Investment Partnerships Program
Low-Income Housing Tax Credit (LIHTC)
State or Local Program

Property Amenities

Elevator
Playground
Community Room
Garage
Laundry Facilities
On Bus-line
Courtyard

Unit Amenities

Garbage Disposal
9 ft. Ceilings
Electric Range
Energy-Efficient Lighting and Windows

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

Low-Income Housing Tax Credit (LIHTC)

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.