Posted at 5:30 p.m., Friday, October 27, 2006
Loans for developers available
Advertiser Staff
Applications for low-interest loans to develop affordable housing will be available Wednesday from the Hawai'i Housing Finance and Development Corp.The applications are due by Jan. 19, 2007, and are to be used for the development, construction, acquisition, preservation or rehabilitation of rental housing units.
Qualified private, non-profit or public developers, including the state and counties, can apply for the loan, which will come out of the Rental Housing Trust Fund.
"The fund serves as a source for developers to fill the need and leverage funding sources," said Orlando "Dan" Davidson, executive director of the development corporation.
