$1.5 million to Kauai for affordable housing
May 6, 2016
HONOLULU — Low-income families on Kauai who are searching for affordable housing are about to get help from the Hawaii Housing Finance and Development Corporation.
The U.S. Department of Housing and Urban Development (HUD) has awarded $3 million in new funding from the National Housing Trust Fund to Hawaii for the development and preservation of affordable rental housing.
The money will be available only to households with incomes at or below 30 percent of area median income and will be allocated through HHFDC.
“These funds are desperately needed,” Senator Brian Schatz said in a news release. “This is new money for the state to use exclusively for the creation of new affordable rental and housing options for Hawaii’s working families. The housing challenges in Hawaii are due in no small part to a lack of inventory and the whole point of this money is to create units that can be used by individuals and families on the lower end of the income scale.”