County Offers Residential Home Repair Loans

Hawaiʻi County is offering homeowners who might need some help loan funding to assist with home repairs.

According to a county news release, the Office of Housing and Community Development is accepting applications for its Residential Repair Program. The program offers low-interest loans to eligible low-and moderate-income homeowners. Funds can be used to repair, improve or modernize homes or remove health and safety hazards.

“Helping people stay in their own home and keep it in good repair supports families and their communities,” said Housing Administrator Susan Kunz in the news release. “Homeownership helps families and individuals build savings over time. In addition, it strengthens communities and helps many kinds of businesses that support the local economy.”

Loans range from $2,500-$25,000 at 3% simple interest, and payments are deferred for 15 years, at which time full payment will be due. Eligible homeowners who are 62 or older or people with a disability could be eligible to have 30% of the loan’s principal balance forgiven at the end of the loan period. Funds are limited and granted on a first-come-first-serve basis.

“Our administration is committed to fostering a sustainable Hawaiʻi Island where our keiki can thrive and succeed,” said Mayor Mitch Roth in the release. “By helping local families upkeep their homes, we are helping them in ensuring their home’s viability for their keiki and loved ones for generations to come. That is sustainability.”

Applications and program information can be found online or by contacting Marcia Yoshiyama by email at ohcdloans@hawaiicounty.gov or phone at 808-961-8379.