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Trustees approve $1.5 million for Native Hawaiian homebuyers

June 19, 2024 | Task Force Created by Act 170, Executive , Hawaii



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This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

Trustees approve $1.5 million for Native Hawaiian homebuyers
In a recent government meeting, the Board of Trustees approved significant funding allocations aimed at supporting Hawaiian-focused public charter schools and enhancing homeownership opportunities for Native Hawaiians.

Trustee Wahe'e initiated a motion to authorize a total disbursement of $150,000 from the fiscal year 2024 and 2025 core operating budgets to fund the SB 2024-2025 Hawaiian-focused public charter schools grant for Kanu Ka'aina New Century Public Charter School. The motion received unanimous support, with six votes in favor and one recusal.

Following this, Trustee Wahe'e proposed an additional $500,000 allocation for the FP 2024-2025 Hawaiian Focus Public Charter Schools grant to Kaoru O Ka Aina Learning Center. This motion also passed with seven affirmative votes, further emphasizing the board's commitment to educational initiatives for Native Hawaiian students.

In a notable move to address housing challenges, the board approved a $1.5 million allocation from the fiscal year 2024 core operating budget to establish a deposit-backed mortgage loan pilot program in partnership with American Savings Bank. This initiative aims to assist Native Hawaiian homebuyers in securing loans, reflecting the board's focus on community support and economic empowerment.

The meeting concluded with announcements regarding the upcoming annual community meeting and board meeting scheduled for July 23-24 on Kauai, with further details to be provided as the date approaches. The session wrapped up without any community concerns raised, and the board adjourned after a productive discussion on key funding initiatives.

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