75 units studio units for seniors under the LIHTC program and state Rental Assistance, located in Kakaako in Honolulu. MDI has been managing this property since 2011 and successfully implemented major capital improvements and addressed decades or deferred maintenance.
Renovations in 2018 will be funded by the City & County of Honolulu Affordable Housing Fund.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Studio (Studio/1) | - | Income Based |
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 Na Lei Hulu Kupuna.
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 |
Na Lei Hulu Kupuna is managed by Mark Development, Inc .
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.