Honokowai Villa Apartments

About This Building

Affordable Housing Option in Lahaina, HI with Low-Income Housing Tax Credit Support Introduction: Honokowai Villa Apartments is a rental apartment complex located in Lahaina, HI, offering an affordable housing option for individuals seeking cost-effective accommodation. These apartments are supported by the Low-Income Housing Tax Credit (LIHTC) program, which includes specific rent and income restrictions. Benefits of LIHTC: The LIHTC program encourages builders and developers to provide affordable housing options for individuals with low income. By participating in this program, Honokowai Villa Apartments can offer rental rates based on the Area Median Income (AMI), ensuring affordability for eligible tenants. Considerations: While aimed at low-income individuals, the AMI-based rent structure may still pose financial challenges for some prospective residents. We advise potential tenants to check the current rental rates to determine if Honokowai Villa Apartments aligns with their budget. Apartment Features: Honokowai Villa Apartments consists of 55 one and two-bedroom apartments suitable for low-income individuals and families. The complex offers various amenities such as on-site laundry facilities, a playground area, off-street parking, and essential appliances like a stove/oven and refrigerator. Water, sewer, and trash services are included in the rental agreement. Application and Contact Information: As demand for affordable housing is typically high, Honokowai Villa Apartments may have a waiting list. To inquire about availability and eligibility, we recommend contacting the office directly during their regular business hours, Monday to Friday. Conclusion: Honokowai Villa Apartments provides an opportunity for individuals seeking affordable housing in Lahaina, HI. By participating in the LIHTC program, the complex ensures reasonable rental rates that adhere to income restrictions. Prospective tenants are encouraged to reach out to the office for further information and to determine if Honokowai Villa Apartments suits their financial needs.