New OHA program is designed to reduce barriers to home ownership for Native Hawaiians
A new OHA initiative aims to help Native Hawaiian homebuyers bridge financial gaps and move toward ownership.
Pae ʻĀina-wide, Hawaiʻi
Source: West Hawaiʻi Today
The Office of Hawaiian Affairs (OHA) has launched Access to Home Ownership (AHO), a new program created to support Native Hawaiians in becoming homeowners by bridging financial gaps in the home-buying process. With $1.5 million in initial funding and $3 million more set aside for the next two fiscal years, the program is designed to reduce key financial barriers to buying a home, including steep down payments and the cost of private mortgage insurance.
For aspiring homeowners, this means more opportunity for ʻŌiwi to stay in Hawaiʻi. OHA has partnered with American Savings Bank, which will manage the mortgage process of this program.
💭 What policies or community supports would make homeownership truly accessible for Native Hawaiians beyond financial assistance alone?
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