NEW DEVELOPMENT! 1518 Makaloa Street- Studio Units
1518 Makaloa Street, Honolulu, Hawai'i, 96814, United States
ACCEPTING APPLICATIONS MARCH 1, 2021
Affordable
3
Specification
Air conditioning: Yes
Bathrooms 1
Publication date Jan 29, 2021
Living area 375
Neighborhood Ala Moana
Subdivision Azure Ala Moana
School district Ala Moana
Year built 2021
Leasing Terms
Deposit 1'320
Minimum lease term 12 Months
Features
24-Hour Security
Barbecue Area
Basketball Court
Bicycle Rack
Book Nook
Cabanas
Club House
Coin-operated laundry machines
Dog Park
Elevator
Enterphone System
Fitness Room
Guest Parking
Gym
Hot Tub
Jacuzzi
Laundromat
Laundry Room
Meeting Room
Music Room
Picnic Area
Playground
Recreation Area
Recreation Center
Resident Manager
Sauna
Secure Access
Secured Bike Storage
Security Guard
Site Manager
Small Library
Storage
Surf Rack
Swimming Pool
Tennis Court
Theater Facility
Trash Chute
Yoga Studio
Description
Updated on: Jun 18, 2021

*Now accepting applications online through the project website at www.1518makaloa.com

All applications MUST be submitted online or delivered to Hawaiian Properties at 1165 Bethel Street.

Qualification to Rent a Housing Unit

Developer will offer rental units in the Project to prospective occupants who meet all of the following eligibility requirements:

1. Be a citizen of the United States or a resident alien;
2. Be at least eighteen (18) years of age;
3. Be domiciled in the State of Hawaii and have a bona-fide intent to physically reside in the affordable housing unit for the duration of the lease agreement;
4. The total gross household income shall not exceed the unit's designated income limit;
5. Have sufficient gross household income, as determined by the City's approved agent, to demonstrate an ability to pay rent and meet any additional criteria established by the City for the respective rental housing development for which the applicant is applying;
6. Be a person or household member who does not own, for the duration of the rental period, a majority interest in fee simple or leasehold lands suitable for dwelling purposes. The City may determine on a case-by-case basis that ownership of a majority interest in fee simple or leasehold land be allowed under extreme hardship;
7. The total net available household asset shall not exceed the unit’s designated income limit as adjusted by the household size. The City may determine on a case-by-case basis to waive this requirement if there has been an extreme hardship or rental units are provided to City-supported special needs recipients; and
8. On a case-by-case basis, the eligibility requirements for affordable rental units may be waived by the City for rental units provided to City-supported special needs recipients, such as the elderly, disabled persons, or victims of domestic violence. Eligible recipients or units must be under government organization or monitoring and comply with the intent of the Affordable Housing Rules.

All eligible residents of the City and County of Honolulu shall have fair and equal access to apply for an affordable housing unit.

Maximum Household Income Limits

In addition to the foregoing eligibility requirements, the gross household income of a Qualified Person renting an Affordable Housing Unit shall not exceed eighty percent (80%) of the Area Median Income (AMI), as set forth in the table below. For purposes of this requirement, gross household income means the total annual income, before taxes and personal deductions, received by all members of the applicant’s household, including, but not limited to, wages, social security payments, retirement benefits, unemployment benefits, welfare benefits, interest and dividend payments.

The following table shows the income limits by household size for the Project*:

Household Size
by Number of Persons Income Limit
(80% Area Median Income)
1 person- $67,680
2 person- $77,360
3 person- $87,040

*http://www.honoluludpp.org/Portals/0/pdfs/planning/AffordableHousing/2020AH-INCOME-LIMITS.pdf.


Occupancy Requirements

Studio (240-375 sq. ft.) 1-2 persons- $1,320.00 (Monthly income must equal 2x the rent)

The occupancy requirements may be modified if affordable rental units are unrented or for the allowance of a live-in aide, subject to written approval by the City.

Amenities: A/C, mini refrigerator, microwave, stove cooktop & disposal. Laundry facilities located on the 1st floor & a secure bicycle storage on-site.

Utilities: Rent includes water & sewer only. Tenants are responsible for electricity, cable/internet & telephone.
Affordable rental units shall be occupied as the renter’s principal residence and shall not be subleased during their lease agreement period. The City, developer, or City’s authorized agent shall have the right during the restriction period to verify owner occupancy of the principal residence.

NO PARKING.  

Lease Term: One(1) year.

Pets are allowed.

 

Qualification and Unit Selection Process

The 78 affordable rental units in the Project will be offered for rent to qualified applicants first on a lottery basis, and if there are affordable rental units that are unrented after the Developer exhausted the list of applicants selected based on the initial lottery, eligible renters may then be selected on a first-come, first-served basis, unless otherwise approved by the City. The affordable rental unit shall be occupied by the qualified occupant. To be eligible to participate in the selection, applicants must submit a completed rental housing application to Hawaiian Properties, Ltd 1165 Bethel Street, 2nd Floor Honolulu, HI 96813. The application period will be from February 1, 2021 to May 31, 2021. A rental housing application package shall include the following documents, all of which must be fully completed by all prospective occupants:

1. Affidavit of Eligibility for City-Regulated Affordable Housing Units
2. Application for City-Regulated Affordable Housing Units

Rental housing application packets may be obtained from Hawaiian Properties, Ltd 1165 Bethel Street, 2nd Floor, Honolulu, HI 96813 and online at www.1518Makaloa.com starting February 1, 2021 at 9:00 a.m. Prospective renters should carefully review the information contained in the rental housing application packet to determine whether all eligibility requirements are met. Applicants may direct questions to Mr. Benjamin Voss at benjaminv@hawaiianprop.com. The earliest date that completed rental housing applications will be accepted is March 1, 2021, to Hawaiian Properties, Ltd, 1165 Bethel Street, 2nd Floor, Honolulu, HI 96813. Applications must be hand-delivered to our office between the hours of 9:00 a.m. and 4:00 p.m., Monday to Friday, or must be submitted online or postmarked between March 1, 2021 and June 30, 2021. Rental housing applications for initial lottery selection of units will not be accepted prior to March 1, 2021 and after June 30, 2021. Only substantially completed applications will be accepted. An initial application fee of $30 is required upon submittal of complete application (non-refundable, cashier's check or money order only). Applicants determined to be ineligible because of income limits or other eligibility requirements will be notified and may be placed on a waiting list should income eligibility requirements change.

Only qualified applicants who have submitted a completed rental housing application with all the required supporting documentation (as listed in the application) by an initial deadline of June 30, 2021 at 4:00 p.m. will be eligible for initial lottery unit selection process. Following an initial lottery unit selection process of completed applications received, qualified applicants will be assigned a unit selection number that establishes the sequence in which prospective occupants will be able to select an affordable rental housing unit. Unit selection will commence on August 2, 2021 at 12:00 p.m. A review fee of $75 is required from all applicants upon lottery unit selection.

As units become available and after the list of applicants selected by lottery is exhausted, qualified applicants will be eligible to select a rental housing unit in the order in which completed applications are received. This process shall continue until all affordable rental units in the Project are occupied.

Qualified applicants must submit an initial reservation deposit in the amount not to exceed one-half (50%) of one month rent, which will be required to be paid at the time of unit selection and upon executing a rental contract for an affordable rental unit, and one-half (50%) of one month rent which will be required to be paid at the time when first month rent is due, making up total of one month rent as the security deposit.

Location
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Hawaiian Properties, Ltd.
rentals@hawaiianprop.com
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