1025 Waimanu St, Honolulu, HI 96814
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey, Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $599 - 1,767 per Month† | 1 - 3 Beds | 1 Bath | 788 - 1,416 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
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.
Because Ola Ka 'Ilima Artspace Lofts participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 788ft2 | $599 $1,308† |
| Two Bedroom (2/1) | 958ft2 | $1,265 $1,549† |
| Three Bedroom (3/1) | 1416ft2 | $1,439 $1,767† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $45,850 / year | $52,400 / year | $58,950 / year | $65,500 / year | $70,750 / year | $76,000 / year |
| 50% AMI for PBRA Units | $45,850 / year | $52,400 / year | $58,950 / year | $65,500 / year | $70,750 / year | $76,000 / year |
| 60% AMI for LIHTC Units | $55,020 / year | $62,880 / year | $70,740 / year | $78,600 / year | $84,900 / year | $91,200 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Ola Ka 'Ilima Artspace Lofts have a waiting list?
Ola Ka 'Ilima Artspace Lofts probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Ola Ka 'Ilima Artspace Lofts?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Ola Ka 'Ilima Artspace Lofts?
Ola Ka 'Ilima Artspace Lofts is managed by EAH
In addition to Ola Ka 'Ilima Artspace Lofts, how many other affordable housing properties (and units) are there in Honolulu?
In addition to Ola Ka 'Ilima Artspace Lofts, we list 58 other affordable properties in Honolulu. Learn about these properties here. Our data research shows that there are a total of 8476 affordable units in Honolulu.
When was the Ola Ka 'Ilima Artspace Lofts listing last updated?
Ola Ka 'Ilima Artspace Lofts listing on Affordable Housing Online was last updated on 05/10/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Only submit truthful information.
Submitting false information can disqualify the household from assistance, and may land the applicant in legal trouble.Takesha Powell says:
"Affordable Housing Online is a great resource that provides a lot of helpful links to get low-income and affordable housing."