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%. 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. 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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10/24/2018 1 Comment Central ala moana vs. Ohana hale
Lets Compare the both buildings and their amenities
Ohana Hale will only have Studio and 1 bed Affordable Units. Location | Ala Moana or Mo'ili'ili The next biggest difference is the Location. Both are centrally located in Metro Oahu and are just a short distance from one another. One thing to keep in mind is the neighborhoods are different. The Central will be in Ala Moana whereas Ohana Hale will be in the Mo'ili'ili/McCully Area
Here is my personal opinion of the two.
When comparing the two buildings you are essentially comparing apples and oranges. Both buildings will be different not only in physical location, but the level of amenities, and all the way down to the maintenance fees of the units. The obvious similarities are that they will both feature affordable housings (both with the 10 year owner occupant hold period). It just depends on what you are looking for and which neighborhood you prefer. If you are looking for a Studio or 1 bedroom you may want to try for both as you can cross shop. But if you are hoping to get a 2 bedroom or 3 bedroom then you would have to try your luck at The Central. Both are lotteries and I am pretty sure that The Central Ala Moana will definitely have more applicants. Feel free to call, text, or email me if you think or have any questions. |
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The Seller and Developer, SamKoo Hawaii, LLC, was represented by Century 21 iProperties Hawaii. Jonathan Pang (R) and Coldwell Banker Realty does not represent the Developer/Seller but are Buyer’s agents with respect to any sale in The Central Ala Moana or any other area. All images, maps, and videos are visuals to help understand the vicinity and are subject to change due to the developer.
Coldwell Banker Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Real estate agents affiliated with Coldwell Banker Realty are independent contractor sales associates and are not employees of Coldwell Banker Realty |
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©2018 Jonathan Pang (R) Certified Residential Specialist, Certified International Property Specialist, and New Projects Specialist. Hawaii Real Estate License #RB-22025. All Rights Reserved.