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The Central Ala Moana Affordable Housing | What Do AMI Ranges Do?

11/11/2018

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For the Central Ala Moana There will be 3 main AMI (Area Median Income) groups that are very important. This is one of the first projects to ever have a minimum income level in order to purchase an affordable unit. For The Central Ala Moana that minimum AMI will be 80%. There will also be a maximum AMI going up to 140%.
The Ranges will be:
  • 80 - 100%
  • 101 - 120% 
  • 121 - 140%
​Depending on the AMI range you fall within, you will only be able to select certain units. There are
  • 69 units for 80-100%
  • 122 units for 101-120%
  • 119 units for 121-140%
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Based on your family size, you need to fall within the orange box
Below is The Central Ala Moana Price Sheet showing both Market (in grey) and Affordable units (colored with green being the 80-100%, blue being the 101-120%, and the yellow being 121-140%). HHFDC will determine the order and if there are not enough applicants in the 80-100% AMI group, then the 101-120% AMI group may select from the lower AMI group. Unfortunately you cannot choose a unit above your AMI group. ​
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Depending on what type of unit you are looking for, there are certain groups that would allow for a greater selection. I would highly advise you take the time to chat with a lender as they can help think of creative ways to qualify you and to see what you would pre-qualify for. Feel to ask me as many as questions that come to mind. We have until January 14, 2019 to complete the application so we can definitely plan out what would work for you and go over the floor plans and see the model showroom.
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Written By: Jonathan Pang (R)
Jonathan Pang (R) and Locations LLC DOES NOT represent the Developer/Seller but are Buyer's Agents in respect to any sale within The Central Ala Moana. The Seller/Developer, SamKoo Pacific, LLC is represented by Century 21 iProperties Hawaii.
​As a buyer's agent, Jonathan will be there to help you every step of the way and will look after your best interests. Jonathan is a full-time Realtor in the state of Hawaii and a Broker-In-Charge at Locations LLC who specializes in new project construction on Oahu. All blog posts here were created by Jonathan Pang and may contain personal opinions and thoughts by the author. 
Jonathan's has most recently helped the Howard Hughes Association as a sales team member for Aalii in Ward Village and has successfully helped clients with the sales of Anaha, Aeo, Akoko, Hauoli Lofts, Ke Kilohana, Keauhou Place, Koula,  Symphony, Seabridge, and Kapiolani Residence.
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The new construction projects listed on The Dream Team Hawaii website are represented by their own project companies and designated project brokerage firms. The Dream Team Hawaii and all its members, along with our designated companies do not represent the Developer/Seller but are Buyer’s agents with respect to any sale. For projects that are being represented by our companies, there will be an additional disclosure on the individual project page. All images, renderings, photos & videos are courtesy of the developers and are subject to change at any time. 

Compass fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Real estate agents affiliated with Compass are independent contractor sales associates and are not employees of  Compass. ​Please contact us should you have any real estate questions that come to mind. It is always recommended to have representation for any sale (existing or pre-sale). 

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Compass | RB-23206
  • Home
  • New Projects & Development
    • Aalii Ward Village
    • Azure Ala Moana
    • Hawaii City Plaza
    • Hawaii Ocean Plaza
    • Koula Ward Village
    • Hoopili
    • Ililani in Kakaako
    • Koa Ridge
    • Mandarin Oriental | Manaolana Place
    • Ohana Hale
    • Seabridge - Ewa Beach
    • Sky Ala Moana
    • The Central Ala Moana
    • The Park Ward Village
    • Victoria Place Ward Village
    • 1500 Kapiolani
  • Your Home Value
  • About Us
    • Chris Tasaka's Bio
    • Jerick Robinson's Bio