Apartments for Low and Moderate Income Households
It is the goal of The Residences at Bishop Place to provide a vibrant new high rise apartment community designed for convenience and enjoying the downtown lifestyle. The Residences at Bishop Place includes apartments at affordable rents for households, including those which may include physically disabled members, who meet the income requirements as defined by the Housing and Urban Development (HUD) for low and moderate income households.
Prices range from $1,577 to $3,264 depending on qualification.
It is the goal of The Residences at Bishop Place to provide a vibrant new high rise apartment community designed for convenience and enjoying the downtown lifestyle. The Residences at Bishop Place includes housing at affordable rents for households, including those which may include physically disabled members, who meet the income requirements as defined by the Housing and Urban Development (HUD) for low and moderate income households.
Prices range from $1,577 to $3,264 depending on qualification.
Income Limit by Household Size*
| Household Size by Number of Persons | Income Limit (80% Area Median Income) | Income Limit (120% Area Median Income) |
|---|---|---|
| 1 | $67,680 | $101,520 |
| 2 | $77,360 | $116,040 |
| 3 | $87,040 | $130,560 |
| 4 | $96,640 | $144,960 |
| 5 | $104,400 | $156,600 |
*These figures were derived from the 2021 income guidelines tables published by DPP, effective May 15, 2021. The maximum income limits are updated annually and approved by the DPP.
It is the goal of The Residences at Bishop Place to provide a vibrant new high rise apartment community designed for convenience and enjoying the downtown lifestyle. The Residences at Bishop Place includes housing at affordable rents for households, including those which may include physically disabled members, who meet the income requirements as defined by the Housing and Urban Development (HUD) for low and moderate income households.
Prices range from $1,577 to $3,264 depending on qualification.
Income Limit by Household Size*
| Household Size by Number of Persons | Income Limit (80% Area Median Income) | Income Limit (120% Area Median Income) |
|---|---|---|
| 1 | $67,680 | $101,520 |
| 2 | $77,360 | $116,040 |
| 3 | $87,040 | $130,560 |
| 4 | $96,640 | $144,960 |
| 5 | $104,400 | $156,600 |
*These figures were derived from the 2021 income guidelines tables published by DPP, effective May 15, 2021. The maximum income limits are updated annually and approved by the DPP.
Occupancy Requirements By Floor Plan
| Studio | 1-2 Persons |
| 1-Bedroom | 1-3 Persons |
| 2-Bedroom | 2-5 Persons |
DPP may modify the occupancy requirements if Affordable Rental Units are unrented or for the allowance of a live-in aide as approved by the Director of the DPP.
Affordable Rental Units shall be occupied as the renter’s primary residence and shall not be subleased during their lease agreement period. At no time shall any Affordable Rental Unit be subleased as a short term rental.  The City, Developer, or City's authorized agent shall have the right during the Affordability Period to verify owner occupancy of the principal residence.
Qualification and Unit Selection Process
The 252 Affordable Rental Units in the Project will be available in phases as units are converted from offices to residential units. Â
These affordable apartment units will be offered to prospective occupants who meet all of the following eligibility requirements:
- Be a citizen of the United States or a resident alien;
- Be at least eighteen (18) years of age;
- Be domiciled in the State of Hawaii and have a bona-fide intent to physically reside in the affordable housing unit for the duration of the lease agreement;
- The total gross household income shall not exceed the unit's designated income limit;
- Have sufficient gross household income, as determined by DPP or DPP's approved agent, to demonstrate an ability to pay rent and meet any additional criteria established by the City for the respective rental housing development for which the applicant is applying;
- Be a person or household member who does not own, for the duration of the rental period, a majority interest in fee simple or leasehold lands suitable for dwelling purposes. The Director may determine on a case-by-case basis that ownership of a majority interest in fee simple or leasehold land be allowed under extreme hardship;
- The total net available household asset shall not exceed the units designated income limit as adjusted by the household size. The Director may determine on a case-by-case basis to waive this requirement if there has been an extreme hardship or rental units are provided to City-supported special needs recipients; and
- On a case-by-case basis, the eligibility requirements for Affordable Rental Units may be waived by the Director for rental units provided to City-supported special needs recipients, such as the elderly, disabled persons, or victims of domestic violence. Eligible recipients or units must be under government organization or monitoring and comply with the intent of these rules.
Developer may impose additional rental criteria which is reasonable; provided that all eligible residents of the City and County of Honolulu shall have fair and equal access to apply for an Affordable Rental Unit.
Procedure
To be eligible to participate in the selection process, applicants must submit a completed rental housing application to
Douglas Emmett Management Hawaii, LLC
at The Residences at Bishop Place Management Office
1132 Bishop Street Suite 150
Honolulu, Hawaii 96813
A rental housing application shall include the following, all of which must be fully completed by all prospective occupants:
- Application for City-Regulated Affordable Housing Units
- Affidavit of Eligibility for City-Regulated Affordable Housing Units
- Required supporting documentation to allow Developer to verify eligibility
Only completed applications will be accepted. Applicants must pay a $50 non-refundable credit application fee per applicant (cashier's check or money order) and must also pay a $75 non-refundable eligibility certification fee payable to the City and County of Honolulu. Applicants determined to be ineligible because of income limits or other eligibility requirements will be notified.
Qualified applicants must submit an initial reservation deposit in the amount not to exceed one month rent, which will be required to be paid at the time of unit selection and upon executing a rental contract for an Affordable Rental Unit. The initial reservation deposit, not to exceed one month’s rent, will serve as the security deposit
This Announcement is intended to comply with the terms and provisions of the Affordable Housing Rules. To the extent of any conflict between the announcement and the Affordable Housing Rules, the rules shall prevail.