Hawaiʻi: Home Grant Program Launches To Assist First-Time Homebuyers

“The Hawaiʻi Family Finance Project has launched a statewide initiative to match savings funds of families to improve credit scores and achieve homeownership. Eligible households can apply to receive $4 in matching grant funds for every dollar saved. The maximum is $8,000 in match on $2,000 saved by a family. In addition to a maximum of $8,000 in grant funds on a home purchase, the project also provides a 1-to-1 matching grant on funds saved to pay down consumer debt and improve credit scores up to $2,000. The program is funded in part by the U.S. Treasury department and First Hawaiian Bank. To receive free services in homebuyer training, technical assistance, and to apply for the Hawaii Individual Development Account program, contact one of the project partners: Hawaiʻi HomeOwnership Center: 523-9500 or info@hihomeownership.org; Hawaiian Community Assets: 587-7886 or info@hawaiiancommunity.net; Council for Native Hawaiian Advancement: 596-8155 orinfo@hawaiiancouncil.org.”

Source: Honolulu Star-Advertiser article, June 15, 2011

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