Koa'e Makana is a workforce housing rental property currently under construction in Koloa, Kauai. Built using Low Income Housing Tax Credits, HOME, Housing Trust Funds, and a private mortgage, Koa'e Makana will feature 133 rental units and one resident manager's unit scattered across 23 low-rise multi-plex apartment buildings and a community center.
33 apartments at Koa'e Makana will receive Project-Based Section 8 Subsidy.
The lottery drawing is now complete.
You may still apply! Apply online or download and application below and mail it in. Applicants who wish to apply post lottery, placement on the waitlist will be determined by the time and date management receives your completed application.Last updated on September 19th, 2019
|1 Bedroom (1/1)||-||Up To $1,012|
|2 Bedroom (2/1)||-||Up To $1,215|
|3 Bedroom (3/1)||-||Up To $1,404|
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.
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 Koloa but actual income limits may differ for units at Koa'e Makana.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person|
|Very Low Income (50%)||$39,900||$45,600||$51,300||$57,000||$61,600||$66,150||$70,700|
|Low Income (60%)||$47,880||$54,720||$61,560||$68,400||$73,920||$79,380||$84,840|
Koa'e Makana is managed by Mark Development, Inc .