Lahaina Homeowner Recovery Program

Eight months after the devastating August fires, an estimated 781 Lahaina owner-occupant homeowners continue to face dire circumstances, living with no home and collectively holding more than $225 million in first mortgages. Recognizing this pressing need, Hawaiʻi Community Lending (HCL) has partnered with Hawaiʻi Community Foundation and Holomua Collective to establish the Lahaina Homeowner Recovery Program. This three-year program will assist up to 500 owner-occupant Lahaina homeowners prevent foreclosure and qualify for financing to rebuild their homes. Partnering with HCL to fund the program are: First Hawaiian Bank, American Savings Bank, Bank of Hawaiʻi, Central Pacific Bank, HomeStreet Bank, Hawaiʻi National Bank, Finance Factors, Holomua Collective, the Maui Strong Fund of the Hawaiʻi Community Foundation, and the Department of Hawaiian Home Lands. The Federal Home Loan Bank (FHLB) increased the reach of bank partners with its 3:1 Member Impact Fund, designed to offer eligible organizations critical financial support for affordable housing and community development initiatives in targeted areas of FHLB Des Moines’ district.