The 105-unit Hale Makana O Mōʻiliʻili in Honolulu has begun welcoming tenants earning between 30% and 60% of the area median income.
The complex at the intersection of Algaroba Street and Makahiki Way contains studio and one-bedroom units for kūpuna aged 55 and above.
A single person earning 50% AMI would pay $962 a month for a studio. A couple would pay $1,024.
Each unit has a fully equipped kitchen with energy-efficient appliances, granite countertops and ceiling fans.
The nearly $40 million project received assistance from the Hawaiʻi Housing Finance and Development Corporation through low-income housing tax credits and a $13 million loan from the agency’s rental housing revolving fund.
Additionally, HHFDC awarded the developers $2 million in federal and state low-income housing tax credits.
