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Qualifications


Qualifications

Are you a perfect match for us?

 

In order to provide affordable housing to our community, all residents must meet certain criteria. This means your income cannot exceed a certain amount for your household size. Lokahi provides rent-restricted and subsidized housing for residents whose income does not exceed the maximum allowable income for their household size. Lokahi participates in Low Income Housing Tax Credit programs, all households must be qualified for both programs in order to be approved for move in. Please note that this property maintains a wait list for all applicants wishing to reside here, a waitlist application is required prior to qualifying for the community.

 

The total annual income must be at or below the following income limits below depending on number of occupants in the home *.

 

60% Income Limits

 

1

2

3

4

5

6

7

8

$35,040

$40,020

$45,000

$49,980

$54,000

$58,020

$61,980

$66,000

 

30% Income Limits

 

1

2

3

4

5

6

7

8

$17,520

$20,010

$22,500

$24,990

$27,000

$29,010

$30,990

$33,000

 

There are (2) parts of the application and qualification process which must be met prior to being approved for move-in, these are: (1) Screening application and (2) Income/asset verification for program eligibility. Each part of the application process is outlined below:

 

How to qualify to live here:

 

Screening process: The screening process includes a credit, criminal, and landlord reference check. Prior to submitting your screening application, please review our screening criteria and tenant selection plan.

 

Income verification and eligibility: After each prospective household member has passed the Screening Process, all applicants will be required to complete the REA questionnaire and, accompanying eligibility forms. This process is completed to ensure that the total household income does not exceed the maximum allowable income for the household size. All household members must income qualify at time of move-in. Each household member must provide documentation establishing their eligibility including but not limited to, a government issued identification card, birth certificate for minors under the age of 18, student status, and income documents. Most households comprised of full time students will not qualify. Although some exceptions may apply. Every household is still welcome to complete an application, and ask about the student rule exceptions.

 

All sources and amounts of current, and anticipated annual income expected to be derived during the twelve months after move-in must be collected, verified, and reviewed by our compliance department. Our compliance department will review the household file to certify eligibility with the program. Our compliance department has a legal responsibility to ensure that all residents comply with the maximum allowable income limits at the time of move-in and are required to annually re-certify each household.
 

**Reflects Hawaii County annual median income effective 05/01/2020.

***Posted rents are subject to change at any time prior to a rental agreement being executed.