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Hawaii Community Lending details DHHL partnership: construction loans, rehab grants and low‑rate mortgages
Summary
Hawaii Community Lending told the commission it has delivered 19 construction loans (about $6M), built an $11M fund, used $25,000 Native American Housing Initiative grants and offers renovation/repair products for lessees; the group urged expanded outreach to prevent lease cancellations.
Jeff Gilbreth of Hawaii Community Lending briefed the commission on a multi‑year partnership with DHHL aimed at getting beneficiaries into homes.
Gilbreth said the guarantee agreement with DHHL enabled 19 construction loans totaling about $6 million and that HCL has grown a loan fund to roughly $11 million. He described construction and mortgage products that combine grant money with debt capital and DHHL guarantees, saying mortgage rates on HCL products were reported in the low‑to‑mid 4% range and the organization had originated renovation and repair products for existing lessees.
He cited use of Native American Housing Initiative grants from the Federal Home Loan Bank — $25,000 grants — that helped three families reduce the cost of home construction, and said HCL has originated both mortgage and acquisition‑rehab loans. Gilbreth urged commissioners and staff to refer beneficiaries who need counseling or financing to HCL for technical assistance and HUD counseling partners.
Commissioners and staff asked follow‑up questions about rehab products and how to link lessees who need repairs to available assistance; Gilbreth said his organization offers renovation/repair products and is prepared to meet with lessees to assess needs. He also suggested DHHL review its FHA‑MOU language to clarify guarantee limits for high‑cost areas.
Next steps: Commissioners acknowledged HCL’s role and staff indicated they will continue coordination on mortgage guarantees, rehab programs and outreach to vulnerable lessees to prevent lease cancellation.
