Treasury Department grant to help Native Hawaiians - Hawaii News Now - KGMB and KHNL

Treasury Department grant to help Native Hawaiians

HONOLULU (AP) - The Council for Native Hawaiian Advancement is due to receive a $3.5 million to help Native Hawaiians learn how to buy homes, establish savings accounts and improve their credit scores.

Hawaii Sens. Daniel Inouye and Daniel Akaka say the funds are from a U.S. Treasury Department grant.

Inouye said in a statement Monday the program will help Native Hawaiians navigate the financial landscape at a time when credit is tight and banks are heavily scrutinizing prospective homebuyers.

Akaka says he knows financial education can empower people and improve their lives, noting he grew up in a family that didn't have a bank account.

Copyright 2010 by The Associated Press. All Rights Reserved.

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