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Hawaii Community Lending outlines loans and DHHL guarantee that helped move beneficiaries toward homes
Summary
Hawaii Community Lending told the DHHL commission that a guarantee agreement with the department enabled low‑rate mortgage and construction loans (about $6M in construction loans to date) and $25,000 Native American Housing Initiative grants to help beneficiaries build or rehab homes; HCL urged expanding partnerships to reach more lessees.
Jeff Gilbreth, representing Hawaii Community Lending (HCL), described a multi-year partnership with DHHL that the nonprofit called instrumental in helping beneficiaries access construction and mortgage financing they could not otherwise obtain.
Gilbreth said HCL has completed 19 construction loans totaling about $6,000,000 and grown the lending pool to $11,000,000. "These families have all received technical assistance through the process," he…
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