Residents with low incomes have a short window that starts today to apply for affordable housing in a new midrise rental apartment building in Kakaako.

Hawaii Affordable Properties Inc. said it will accept applications today through March 8 for 128 apartments in the 11-story project called Hale Kewalo at 450 Piikoi St., just Ewa of Ala Moana Center.

Homes are reserved for households earning no more than 60 percent of Honolulu’s annual median income, which equates to $49,020 for a single person and $69,960 for a family of four. About a dozen units in the project will be reserved for households earning half that.

Hale Kewalo features 27 one-bedroom units, 72 two-bedroom units and 29 three-bedroom units. Monthly rents tied to median incomes will be $656 to $1,093 for one-bedroom units, $787 to $1,575 for two-bedroom units and $1,819 for three-bedroom units.

Apartments are expected to be ready for occupancy in late April or early May.

To apply, visit halekewalo.com or call Hawaii Affordable Properties at 589-1845.

Hale Kewalo is being developed by Stanford Carr Development as part of a requirement tied to the nearby upscale condominium tower Waihonua at Kewalo produced by Alexander & Baldwin Inc. State financing allowed Carr to produce more homes at lower rents and for a longer period than required under state rules applying to high-rise projects in Kakaako. Affordable rents must be maintained at Hale Kewalo for 50 years.