Governor Lingle releases funds to assist Habitat for Humanity - Hawaii News Now - KGMB and KHNL

Governor Lingle releases funds to assist Habitat for Humanity

HONOLULU (KHNL) - Fifteen island families will be getting some much needed help on the home front.

Monday Governor Linda Lingle released a total of $525,000 in grants in aid to Habitat for Humanity. Each selected family will receive a loan of $20,000 to help with construction costs.

"By allowing more families to avoid homelessness and realize the dream of home ownership, Habitat for Humanity benefits the entire community," said Governor Lingle.

In Hawaii the average Habitat for Humanity house costs around $80,000 to build. The initial loan will leverage approximately $60,000 per family Families will also receive a 20 year mortgage with zero percent interest. This means that their mortgages will be around $300 per month.

Habitat for Humanity has been in the islands for 20 years and contributed to the construction of over 200 homes for low income families statewide.The organization continues to carry out its Homeless Prevention through Home ownership Campaign by building an additional 200 homes in Hawaii over the next five years.

"We are pleased these grants will help the organization continue its mission of building simple, decent, affordable homes in partnership with families in need," said Lingle.

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