A man accused of collecting federal Section 8 housing assistance and what used to be known as food stamps over the last five years while he drove around in a luxury car pleaded guilty Thursday in U.S. District Court.

Kevin Patrick Halverson, 67, faces maximum 10-year prison terms for each of two theft charges at sentencing in May.

He also pleaded guilty to aggravated identity theft, which carries a mandatory two-year prison term, and being a felon in possession of a firearm, which carries a 10-year term.

Assistant U.S. Attorney Ron Johnson said the amount of restitution due to the government and the ID theft victims will be determined later. For the amount owed to the government, Johnson said it could be as high as $203,023.

One of the theft charges is for collecting student loans and Pell Grants to attend Kapiolani and Honolulu community colleges using two aliases. The other charge is for receiving food assistance for which he was not eligible using three other aliases.

The ID theft charge is for Halverson’s use of the name, Social Security number and birth date of a Crawford County, Wis., man.

The firearm charge stems from a .22-caliber rifle FBI agents found while searching Halverson’s Waikiki apartment in October. Halverson has felony convictions in New Jersey in 1969 for possession of drug paraphernalia, assault in Hawaii in 1975 and aggravated assault in Pennsylvania in 1977.

Halverson legally changed his name here in 1999 from Vaughn G. Sherwood.

He said he used both names to collect about $10,000 per year in student loans and grants, which he used for living expenses. And he said he collected federal food assistance at the same time.

Following the death of his father in 1997, Halverson inherited $230,597. And following the death of his mother in 2006, Halverson collected an inheritance of $130,256. The government says Halverson concealed both inheritances from the state Department of Human Services because the money would have made him ineligible for public assistance.