2139 Algaroba St., Honolulu, HI 96816
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio - 1 Bed | 1 Bath | - |
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.
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.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Hale Makana O Moiliili does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | - | Call for Price† |
| One Bedroom (1/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $45,850 / year | $52,400 / year | $58,950 / year | $65,500 / year | $70,750 / year | $76,000 / year | $81,250 / year | $86,500 / year |
| 50% AMI for PBRA Units | $45,850 / year | $52,400 / year | $58,950 / year | $65,500 / year | $70,750 / year | $76,000 / year | $81,250 / year | $86,500 / year |
| 60% AMI for LIHTC Units | $55,020 / year | $62,880 / year | $70,740 / year | $78,600 / year | $84,900 / year | $91,200 / year | $97,500 / year | $103,800 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Hale Makana O Moiliili have a waiting list?
Hale Makana O Moiliili 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 Hale Makana O Moiliili?
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 Hale Makana O Moiliili?
Hale Makana O Moiliili is managed by Mark Development, Inc headquartered in Honolulu, Hawaii.
In addition to Hale Makana O Moiliili, how many other affordable housing properties (and units) are there in Honolulu?
In addition to Hale Makana O Moiliili, we list 105 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 Hale Makana O Moiliili listing last updated?
Hale Makana O Moiliili listing on Affordable Housing Online was last updated on 05/22/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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