HAWAII KAI, OAHU (HawaiiNewsNow) - Last year, some 200 people put their names in the lottery for one of 54 affordable units at 7000 Hawaii Kai Drive, a new rental-only complex in East Oahu.
Families who secured one of the 54 units -- 28 three-bedrooms and 26 two-bedrooms -- were ecstatic.
But just two months before families are set to move in, eight have dropped out.
That's because the rent was raised for those affordable units under the formula for rent limits set annually by the U.S. Department of Housing and Urban Development.
Now, rent for the three-bedroom units is going up by $342 a month, to $2,635.
Rent for the two-bedroom units is rising by $279 a month, to $1,764.
The first tenants are slated to move into 7000 Hawaii Kai Drive, which also features 215 market-rental units, on June 15.
And there's a silver lining to the story.
Because the families dropped out, Avalon is looking to fill six, three-bedroom apartments immediately. Interested families can apply here.