Senior Residence at Iwilei

The 160-unit Senior Residence at Iwilei is the result of a collaboration between the State’s Hawai‘i Housing Finance and Development Corporation (HHFDC), the City and County of Honolulu, and Pacific Housing Assistance Corporation.

HHFDC leased 1.825 acres of state land to Pacific Housing Assistance Corporation and provided financing through its Dwelling Unit Revolving Fund, Hula Mae Multifamily Bond, and Low Income Housing Tax Credit programs. The Hawai‘i State Legislature also appropriated capital improvement project funds for the project in 2011. The City and County of Honolulu approved 201H land use exemptions for the project and awarded Community Development Block Grant funds as well.

The project assists senior residents with incomes at or less than 50 percent and 60 percent of the area median income.