Organization: HAWAII COMMUNITY REINVESTMENT
Mission: THE MISSION OF THE CORPORATION IS TO PROVIDE INNOVATIVE FINANCING, TRAINING, AND CONSULTING SERVICES TO PUBLIC AND PRIVATE ORGANIZATIONS WHO ENGAGE IN BUILDING LIVABLE COMMUNITIES IN HAWAII.
Activities: HCRC AND SUBSIDIARIES HAVE ASSISTED 3,508 AFFORDABLE RENTAL HOUSING UNITS WITH FUNDING OF 205.5 MILLION THROUGH ITS AFFORDABLE HOUSING LOAN PARTICIPATION PROGRAM. THE CORPORATION HAS PROVIDED 7 SMALL BUSINESS LOANS TOTALING 3.6 MILLION THROUGH THE SBA 504 LOAN PROGRAM (WITHDREW IN 2015) AND 203 ENERGY EFFICIENCY LOANS TOTALING 4.8 MILLION THROUGH THE DBEDT GREENSUN LOAN LOSS RESERVE PROGRAM. ADDITIONALLY, IN 2016 HCRC GRANTED 789,474 TO THE UNIVERSITY OF HAWAII FOUNDATION TO FUND AN ENDOWMENT TO ESTABLISH THE HAWAII COMMUNITY REINVESTMENT CORPORATION DISTINGUISHED PROFESSORSHIP IN AFFORDABLE HOUSING. IN 2018 HCRC ADMINISTERED A PASS- THROUGH GRANT IN THE AMOUNT OF 1,983,950 FOR HUD AND C&C HONOLULU TO A NONPROFIT FOR PRESERVATION OF AFFORDABLE HOUSING IN TOD DISTRICT.
NTEE category: Community Improvement & Capacity Building
Secondary category: Housing & Shelter