Maui News

Hawaii Family Finance Project Assists in Homeownership

June 14, 2011, 2:19 PM HST
* Updated June 14, 2:27 PM
Listen to this Article
1 minute
Loading Audio... Article will play after ad...
Playing in :00
A
A
A

By Wendy Osher

File photo by Wendy Osher.

The Hawaii Family Finance Project launched a statewide initiative to match savings funds of families to improve credit scores and help them to achieve homeownership.

The project is funded in part by the U.S. Treasury department and First Hawaiian Bank.  Under the program, eligible families get $4 in matching grants for every $1 saved, for a maximum of $8,000 towards a home purchase.

The project also offers a 1 to 1 matching grant on funds saved, allowing customers to pay down consumer debt and improve credit scores up to $2,000.

“Individual Development Accounts, or IDA’s as they are referred to, are matching grants that help families reach important goals they are saving for,” said Lilia Kapuniai, HFFP Project Officer.

ARTICLE CONTINUES BELOW AD

Three of Hawaii’s most active HUD certified housing counseling agencies are delivering services under the project including: the Hawaii HomeOwnership Center, Hawaiian Community Assets, and the Council for Native Hawaiian Advancement.

ARTICLE CONTINUES BELOW AD

To receive free services in homebuyer training, technical assistance, and to apply for HIDA, interested parties can contact one of the project partners:

The programs are available to Hawaii families, rural or urban, Oahu or neighbor islands, native or non-native, fee simple or trust land properties.

Make the most of your Maui vacation with these top-rated activities: Maui Top 20: Maui Visitor & Tourism Information
E-Mail Newsletters Receive daily or weekly updates via e-mail. Subscribe Now
News Alerts Breaking news alerts on your mobile device. Get the App

Comments

This comments section is a public community forum for the purpose of free expression. Although Maui Now encourages respectful communication only, some content may be considered offensive. Please view at your own discretion. View Comments