Hawaiʻi Community Lending to finance 10 homes with $2.4 million loan from USDA : Big Island Now


October 23, 2023, 3:00 PM HST

Hawai‘i Community Lending will finance 10 homes on native lands with funding from the US Department of Agriculture. PC: Hawaiʻi Community Lending

Hawai‘i Community Lending will receive a $2.4-million loan from the US Department of Agriculture to finance 10 homes.

Hawaiʻi Community Lending is one of eight Native Community Development Financial Institutions to receive USDA funding to expand homeownership opportunities for Native communities, announced Roger Glendenning, the USDA Acting Under Secretary for Rural Development. 

The USDA’s Native CDFI Relending Demonstration Program provides loans to the financial institutions to relend to eligible homebuyers on native lands. The pilot program is being administered under the Single Family Housing Direct Loan program. 


“We are honored to partner with USDA to help provide homes for our native families here in Hawai‘i,” said Jeff Gilbreath, executive director of Hawaiʻi Community Lending. “The need for affordable housing has never been more crucial to the well-being of native communities.”

To learn more about investment resources for rural areas, visit www.rd.usda.gov or contact the nearest USDA Rural Development state office.

For more information and resources for Hawai‘i homebuyers, visit www.HawaiiCommunityLending.com. 

Share post:




More like this

Stocks waver as Wall Street rally loses steam

Stocks gave up earlier session gains as cautious investors...

Zara Irshad joins the Chronicle as arts and entertainment reporter

Mariecar Mendoza is the senior arts and entertainment editor...

In Ridley Scott’s ‘Napoleon’, Political Ambition Is Both Pathetic and Horrific

It is easy, upon hearing the words "Ridley Scott's...