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Homeowners Can Prevent Foreclosure with Help from Expanded ‘Homeowner Assistance Fund’

    Prevent Foreclosure Hawai‘i Lending Foreclosure Assistance Fund

    A newly expanded fund provides options for homeowners on Hawai‘i Island and Kaua‘i who are in financial hardship prevent foreclosure. Grants for up to $30,000 from the Homeowner Assistance Fund (HAF) can be used not only to reduce monthly payments or pay past-due mortgages, but can now also be used to pay past-due property taxes and past-due HOA fees.

    The counties of Kaua’i and Hawai’i, together with Hawai’i nonprofits including Hawai’i Community Lending (HCL) and Hawaiian Community Assets (HCA), present the HAF program. Begun as a pilot program in November 2021, HAF is now moving to a multi-year program that will be available to homeowners through September 2025 or until funds are fully expended, whichever happens first.

    Requirements of the program are as follows:

    • Live in your home on Hawai‘i Island or Kaua‘i
    • Own no other real property
    • Have a first mortgage that was originated before Jan. 21, 2020 (not required for past-due property taxes and past-due HOA fees)
    • Have experienced financial hardship
    • Have less than $25,000 in assets or less than five times your monthly mortgage payment
    • Meet the maximum annual household income requirements

    • Have a loan with one of the qualifying mortgage servicers*

    *Funding is limited to homeowners who reside on Hawai‘i Island and Kaua‘i who have loans with the following participating mortgage servicers ONLY (not required for past-due property taxes and past-due HOA fees): 

    • American Savings Bank
    • Arvest Central Mortgage Company
    • Big Island FCU
    • Capital Mortgage Servicers of Texas
    • Carrington Mortgage
    • CENLAR
    • Central Pacific Bank
    • Flagstar
    • Freedom Mortgage
    • Gather Federal Credit Union
    • Habitat for Humanity Hawai‘i Island
    • HFS Federal Credit Union
    • HomeStreet Bank
    • Interfirst Mortgage Company
    • Kaua‘i Federal Credit Union
    • Kaua‘i Habitat for Humanity
    • Lakeview Loan Servicing
    • M&T Bank
    • Mr. Cooper
    • PNC Bank
    • Planet Home Lending
    • Rocket Mortgage (SPS)
    • Select Portfolio Servicing (SPS)
    • Selene Finance LLP
    • ServiceMac
    • The Money Source
    • Truist
    • Wells Fargo

    If your mortgage servicer is not listed above, you may be ineligible to receive funds for paying your past due mortgage or reducing your mortgage payment at this time. You can urge your mortgage servicer to participate in the program by downloading and sending them this Participating Servicer Request Letter to help you become eligible for HAF grants. Contact HCA with questions, (866) 400-1116.

    For program details and/or to apply for HAF grants, please visit https://hawaiicommunitylending.com/grants-loans/

    For more information about HCA’s Financial Opportunity Centers and free financial workshops, please call HCA toll-free (866) 400-1116, or visit www.hawaiiancommunity.net.

    If you need an auxiliary aid/service or other accommodation due to a disability, contact 877-477-5990 as soon as possible. Requests made as early as possible will allow adequate time to fulfill your request. Upon request, this notice is available in alternate formats such as large print, Braille, or electronic copy.

    About Aikū’ē Kalima

    Aikū’ē Kalima, former Native Hawaiian Revolving Loan Fund Manager for the Office of Hawaiian Affairs, joins Hawaiʻi Community Lending as its lending director.
    Kalima comes to HCL with more than 25 years of experience in community development and mortgage lending. In his new position, Kalima will direct HCL’s consumer, construction, mortgage and small business lending.
    “As a native Hawaiian and Hawaiian Home Lands beneficiary, I understand the financial needs for economic development and quality housing for kānaka is great,” said Kalima, who led OHA’s deployment of $9.8 million in loans to 286 native Hawaiians statewide over the last five years. “For over 25 years, I have worked tirelessly at the grassroots level, educating kānaka on the skills necessary to achieve the dream of homeownership and providing resources to achieve financial sustainability. I plan to continue serving the lāhui empowering ‘ohana and communities as the lending director for Hawai‘i Community Lending.”
    Kalima takes the reins of HCL’s $16-million revolving loan fund and will oversee a team of seven staff members statewide. “HCL is honored to have Aikū’ē join us in our mission to help tackle our housing crisis by funding native Hawaiian and local families to build, buy and save homes from foreclosure,” said HCL Executive Director Jeff Gilbreath. “He has proven leadership in both the public and private sectors and has the passion to get families on the land through homeownership.”

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    About Nikki

    Nikki Hollern is a mother of five, born and raised in Upcountry Maui, but she spent the last 15 years in the beautiful town of Lahaina. Lahaina stole her heart, with the people and the town being unlike any other. After the fire, her family had to relocate to Kahului.

    Her heart remains in Lahaina, and her goal is to help this amazing community get back to where they belong. She feels blessed to have the opportunity to be part of the HCL ‘ohana, helping navigate this incredibly hard time and hopefully serving as a guiding light to assist the community in returning home and coming back even stronger.

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