Are you looking for low-interest loans related to affordable housing in Hawaii? The Rental Housing Revolving Fund (RHRF) is a great option for qualified homeowners and developers who build affordable housing units. This fund is codified in Section 201H-202 of the Hawaii Revised Statutes (HRS) and provides low-interest, capital-deficit loans to landlords and developers who qualify for the construction of new affordable rental housing, the acquisition or rehabilitation of existing affordable rental housing. If you're interested in learning more about the RHRF, you can contact the Hawaii Legal Aid Society at 924 Bethel Street, Honolulu, HI 96813. They can be reached by phone at (80) 536-4302 on Oahu or (800) 499-4302 on neighboring islands. They offer comprehensive housing counseling services that can help you understand the process and get started. If this is your first time buying a home, consider starting with the Hawaii Housing Finance Promotion Corporation, the state's housing and development agency.
They can provide you with more information about the RHRF and other loan options available to you. No matter what type of loan you're looking for, it's important to do your research and understand all of your options before making a decision. Make sure to compare interest rates, fees, and repayment terms so that you can find the best loan for your needs.
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