DBEDT: Advanced Affordable Housing Solutions
Upon entering office in December 2002, restructured a troubled public housing agency under a federal corrective order into a proactive and dynamic Hawai‘i Housing Finance and Development Corporation (HHFDC). Over a five year-period (2005-2010), HHFDC and its public and private sector partners developed or preserved over 8,300 affordable housing units, with an additional 3,200 planned.
DHHL: Significant Progress in Aiding Native Hawaiians to become Homeowners
• The Department of Hawaiian Home Lands (DHHL) awarded 2,458 homestead leases to native Hawaiians during the eight years of the Lingle-Aiona Administration, with another 3,400 in the process of being built. In comparison, during the trust’s first 80 years, DHHL awarded approximately 5,800 leases.
• DHHL created the Undivided Interest Award Program which is an award to a group of individuals for a to-be-developed project. This program provides lessees time to qualify for a mortgage loan, and fix their finances while DHHL develops the project.
• DHHL created the Home Ownership Assistance Program (HOAP) to help prepare beneficiaries to become homeowners. The program includes three modules that help to remove the impairments to homeownership: a financial literacy education program, an employment program, and a social services program. Since its inception in 2004, HOAP has served approximately 3,000 families, and as of the end of 2010 the program was servicing more than 1,300 families in one-to-one case management.
• Between December 2002 and 2010, DHHL received $82 million in federal funding for its Native American Housing Assistance and Self-Determination Act program. This included more than $72 million for affordable housing and housing-related activities from the U.S. Department of Housing and Urban Development (HUD). In addition, DHHL received $10 million in ARRA funds that will be used for housing-related activities in accordance with ARRA regulations. All funds will be used to service beneficiaries at or below 80 percent of the HUD median income.
• Within the first six years of the Administration, DHHL became self-sufficient and is able to support its mission of helping beneficiaries from the proceeds of its leasing operations. This eliminates the need for the state to use general fund tax revenues to support DHHL.