Kaloko Heights Affordable Housing, located at Hina Lani Street in Kailua-Kona, HI has one, two and three bedroom apartments. Kaloko Heights Affordable Housing participates in the Low-Income Housing Tax Credit (LIHTC) program.
This project has been funded and will begin construction soon.
Construction is expected to start next March with completion slated for August 2021.
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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.