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Na Hale Makoa <br />Project Name: <br />Na Hale Makoa <br />Applicant: <br />Kamakoa Nui Limited Partnership aka Pacific Housing Assistance <br />Corporation (PHAC) <br />Total Requested: <br />$2,000,000 <br />Total Funded: <br />$2,000,000 <br />Location: <br />Waikoloa Village, Hawaii, District (9) <br />Land Tenure: <br />County -owned land <br />Project Type: <br />New Construction <br />Housing Type: <br />Rental, Multi -family <br />Target Population: <br />Family <br />Length of <br />61 Years <br />Affordability: <br />20 Units @ 30% Area Median Income (AMI) <br />89 Units @ 60% AMI <br />13 Units @ 80% AMI <br />Affordability <br />10 Units @ 100% AMI <br />Restrictions: <br />7 Units @ 140% AMI <br />1 Manager Unit <br />---------------------------------------------------------------------------------------------- <br />Total: 140 Units <br />Kamakoa Nui Limited Partnership, a for-profit organization, requested a total amount of <br />$2,000,000 in AHP Program funds to support the development of a 140 -unit multi -family rental <br />project. The project includes 40 one -bedroom units, 80 two-bedroom units, and 20 three-bedroom <br />units, including one manager unit. These units will be available to households earning between <br />30% to 140% of the AMI. The affordability period for these affordable units will be 61 years. <br />