The Pacific Housing Assistance Corp has nearly completed a 160 unit low-income housing project called the Senior Residence at Iwilei and are now accepting rental applications from interested parties. In order to apply, an applicant must be 62 years old or older, be a U.S. citizen or qualifying non-citizen, and not be a majority owner of any residential real estate. Applicants must also not earn more than 60 percent of Honolulu's median income, which equates to $41,160 for a single person or $47,040 for a couple. Rents will range from $800 per month for a one-bedroom unit to $1,180 per month for a two-bedroom unit. Governor Neil Abercrombie stated, "Through projects like the Senior Residence at Iwilei, the state of Hawaii is partnering with the city and the private sector to take a proactive role in providing affordable rental housing options for our seniors."
Source: Honolulu Star Advertiser, 12-16-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
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