YOU COULD QUALIFY FOR WORKFORCE HOUSING IN HAWAII

The heart of Wailuku, Kaulana Mahina introduces 324 brand new apartment homes. A portion of our apartment homes have been designated and reserved as Workforce Housing. These homes are reserved for households earning more than 50% and up to 140% of the area median income (AMI), which include Studios, 1-bedrooms, and 2-bedroom apartment homes. 


Do you qualify? Keep reading to find out!

What are the income limits?

General BMR Information


 

Qualifications to Rent a Residential Workforce Housing Unit

Housing Agent or its designee will verify applicant households meet all the following eligibility requirements, as set by the definitions in MCC Section 2.96.020 and eligibility criteria in MCC Section 2.96.090(B)(l), (2), (3), (4), and (5).

In order to be eligible for a Residential Workforce Housing Unit, an applicant must meet the following criteria:

  1. Be a citizen of the United States or a permanent resident alien who is a resident of the County.
  2. Be eighteen years of age or older.
  3. Have a gross annual family income (not to include the income of minors) which does not exceed one hundred forty percent (140%) of the County's area median income as established by HUD, or as adjusted by the department, for Hana, Lanai, and Molokai; and
  4. Have assets that do not exceed one hundred forty percent (140%) of the County's area median income as established by HUD or as the department adjusted for Hana, Lanai, and Molokai. Assets shall include all cash, securities, stocks, bonds, and real property. Real property shall be valued at fair market value less liabilities on such real property.

Provided that per Section 2.96.IOO(B)(l), MCC, if the Project is receiving federal and/or state assistance (e.g., low-income housing tax credits or subordinate financing made available by HHFDC), the applicable federal and/or state eligibility criteria shall control.

 

Household Qualification

 Verification of eligibility requirements, as set by the definitions in MCC Section 2.96.020 and eligibility criteria in MCC Section 2.96.090(B)(1), (2), (3), (4), and (5).

  1. Credit/ background check screening.
  2. Income and asset qualification based on HHFDC requirements. 
  3. Income must be at least 2 times the rental rate and must not exceed the income limits noted above. 

 

Required Documentation

The following documentation is required for each household member who is 18 years old or older. Required documentation including, but not limited to:

Income

If you work and receive paystubs, you must submit:

  • Copies of 4 most recent consecutive paystubs. Provide employer's contact name and email to Payroll/Human Resources Department which may complete the Employment Verification Form.  
  • If hired recently, provide fully executed and signed Employment Offer Letter.
  • If you are Self-Employed, you must:
        1. Complete a Self-Employed Declaration form.
        2. Submit Year-to-Date Profit and Loss statement.
        3. Submit most recent Federal Income Tax Returns. Include all Schedules, attachments, and W2(s)
        4. Submit Non-Filing Verification from IRS (if applicable) If receiving severance pay, Social Security, unemployment benefits (EDD), retirement/ Pension income, disability, public assistance, etc., submit:
  • Taxes - Submit most recent Federal Income Tax Returns. Include all Schedules, attachments, and W2(s)
  • Most recent benefits letter(s) stating your monthly award. 
  • If you are Unemployed and have ZERO income, you must:
    1. Complete an Unemployment Declaration form.
        1. Complete a Certificate of Zero Income form.
        2.  

Assets (If over $50K)

  • Most recent statements for all Checking, include ALL pages.
  • One (1) most recent statement for all Savings accounts and all other assets (IE: 401K, Money Market, etc.) and include ALL pages.
  • A written and signed explanation with supporting documentation for any deposit over $100 or recurring, other than that of your documented employment.

*Additional documentation may be requested. 

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