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A Quarterly Newsletter July 2009
In This Issue
Unlocking Dreams in Kanehili
HCL Closes First 184A Loan
HCA's First Tax Season
Free Foreclosure Assistance: Call Us - We Can Help
Financial Education Reaches Hawaii Teens
Quick Links
 
Our Mission
Hawaiian Community Assets (HCA) is a 501(c)(3) non-profit organization that builds the capacity of low and moderate income communities to acheive and sustain economic self-sufficiency with a particular focus on Native Hawaiians.
 
Hawaii Community Lending (HCL) is the mortgage arm of HCA and Hawaii's first non-profit mortgage broker.
Homebuyer Education Workshops
  
workshop 
 
Oahu
All workshops are scheduled from 8:30 am - 5:00 pm
  
Department of Hawaiian Home Lands - Kapolei Hale
    July 18, 2009
    August 15, 2009 
   September 19, 2009
    October 17, 2009       
    November 7, 2009
   December 12, 2009 
  
Maui
All workshops are scheduled from 8:30 am - 5:00 pm
 
Queen Liliuokalani Children's Center
      September 6, 2009
  
Kauai
Workshops and orientation will be held at the Kauai County Building.
 
Orientations
5:00pm- 7:00pm
      July 6, 2009 
      August 3, 2009 
      September 10, 2009 
      October 5, 2009 
      November 2, 2009 
      December 7, 2009 
 
Workshops 
5:00pm- 9:00pm
     July 15 & 16
     August 12 & 13
     September 16 & 17
     October 14 & 15
     November 12 & 13
     December 9 & 10
 
Hilo 
County Office , Kinoole Plaza 
 8:00 am - 5:00 pm
 
     August 8, 2009  
     October 10, 2009  
     December 5, 2009 
 
Kona
The Neighborhood Place of Kona
 8:00 am - 5:00 pm
     July 11, 2009
     September 12, 2009
     November 14, 2009
Hawaii Community Lending 
 
Call us today to finance your home!

Kui Pic
Kui Myer
587-7655
 
 
Winona Pic
Winona Kauhane
587-7624

 
Mahea Pic
Mahealani Meheula
587-7661
 
Building Foundations
for Future Generations
 

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Aloha !
 
In the third quarter of our fiscal year Hawaiian Community Assets celebrated many exciting "firsts"!  We delivered our first youth financial education workshop and completed our first tax season as a designated Volunteer Income Tax Assistance (VITA) site.
 
Our mortgage arm, Hawaii Community Lending, closed its first HUD 184A loan and our first borrower in the Kanehili development project moved into their new home.
 
In these challenging times, we are grateful for all we have to celebrate and are happy to share our exciting milestones with you.
 
We are also preparing for our 3rd annual housing luncheon, Unlocking Dreams - Housing a Nation to be held on August 24th from 12pm-1:30pm at the Hawaii Convention Center.  For more information on how to attend or sponsor the event visit our website at
www.hawaiiancommunity.net/events.html.
 
We hope to see you there!
Unlocking Dreams in Kanehili
 
Lau Family
 
Last December, the Lau's (pictured above) selected their house and lot. Today they celebrate homeownership!
 
The Lau's were the first family assisted by Hawaii Community Lending to move into their new home in Kanehili, a Hawaiian home lands project developed by Gentry Kapolei Development, LLC.  Hawaii Community Lending is one of designated lenders on the project.
 
 "The ultimate reward for my work is sharing in a family's excitement of walking through their home for the first time," explains Winona Kauhane, Hawaii Community Lending.  Winona assisted the Lau's in securing the mortgage loan to purchase their new home.
 
The Lau family has been preparing to purchase their home for the past two years.  They were lessees in the DHHL's Undivided Interest Awards program, designed to provide families with an opportunity to financially qualify for a mortgage loan while the subdivision is being planned and developed.
 
According to HCA Executive Director, Michelle Kauhane, "Participating in this project is as fulfilling for HCA and HCL as it is for the lessees.  We have a vested interest in their success because we walk them down the path to homeownership holding their hand the entire way."
 
Through the Home Ownership Assistance Program, lessees work to improve their credit, save for down payment and closing costs, and prepare for the responsibilities associated with purchasing a home.  Hawaiian Community Assets is the primary provider of the HOAP serving over a thousand families per year with homebuyer education and individualized financial counseling. 
 
Hawaii Community Lending will assist approximately 58 families with mortgage loans in the first phase of the Kanehili development.  HCL is offering FHA, USDA and HUD 184 A loans to families in the Kanehili project.
 
For more information on Hawaii Community Lending and  information on fee simple financing products, please call 808.587.7886.  Neighbor islands call toll free 1.866.400.1116.
HUD 184A Loan Makes Homeownership a Reality for Manoa Ohana
 
Hawaii Community Lending closed its first HUD 184A loan in May for Valerie and  Brian Manoa (pictured below with Winona Kauhane - middle).  The Manoa Ohana worked with loan officer, Winona Kauhane of Hawaii Community Lending to purchase their home on Hawaiian Home Lands in Nanakuli.  
 
Manoa Loan Closing"Our first weekend in our new home:  hot showers, cooking in our kitchen, eating with paper plates, plastic cups and forks, getting our utilities turned on, and watching the early morning trash pick up through my front window.  I know these are all small and simple, but it's already affected our lives.  Thank you!," says Valerie Manoa, proud new homeowner.
 
For the Manoa Ohana, their home purchase signifies more than a new residence.  Moving to Nanakuli will offer Valerie Manoa the opportunity to reconnect with her former Nanakuli Elementary School students.  Today, these students are in high school. "I can see that our new home will also bless my former students and their families.  From my new home, I have the opportunity to meet with them and encourage a path towards a productive future that includes graduating from high school", said Valerie Manoa.
 
The Manoa's home purchase will make a positive difference not only for their family but for the surrounding community.
 
The Section 184A Native Hawaiian Housing Loan Guarantee Program is a financing option available for Native Hawaiian families to construct, purchase and rehabilitate homes located on Hawaiian home lands.
 
Hawaii Community Lending is the lending arm of nonprofit, Hawaiian Community Assets.  Net revenues support free homebuyer education and financial literacy programs throughout Hawaii.
HCA Vita Sites Bring Cash to Local Families
 
The end of tax season in mid April marked the end of the Tell Your Ohana Campaign, a collaborative effort between the Council for Native Hawaiian Advancement (CNHA), Hawaiian Community Assets (HCA), Aloha United Way (AUW), Bank of Hawaii, the Sovereign Councils of the Hawaiian Homelands Assembly, and the Department of Hawaiian Home Lands.  The campaign provided free tax preparation for workers and working families at one of the many Volunteer Income Tax Assistance (VITA) sites across the state.

HCA would like to acknowledge employee, Kelly Lincoln (pictured right), Community Services Specialist in Hilo for her commitment to the campaign as an active volunteer tax preparer.  Kelly assisted in preparing 30 returns and was one of two volunteers who offered free tax services to eligible families from HCA's Hilo office.

As a partner in the collaborative effort, HCA set up sites at it's neighbor island offices on Maui, Kauai, and Hilo.  "We have staff and offices set in homestead communities across the state. When approached about the Tell Your Ohana Campaign, we felt that the partnership with CNHA would be a natural fit!" said Michelle Kauhane, HCA Executive Director.  "The Campaign provided a free service to many families we work with. It also brought much needed awareness to communities about tax credits and how annual refunds can impact homeownership and finances during these tough economic times."
 
With five sites statewide, the Campaign featured ten IRS certified volunteers who collectively prepared over 140 tax returns.  On average, workers and working families assisted by the campaign received $1,794 in tax refunds, with the overall campaign netting $252,979 in tax refunds across the state.  Certified and non-certified volunteers collaborated to assist over 450 individuals by setting up appointments, answering questions or providing referrals to other locations across the state.
Free Foreclosure Assistance: Call Us - We Can Help  
 
Do you know someone who recently lost their job?
 
Are their monthly mortgage payments rising?
 
Want to help them keep their home?
 
Call Us - We Can Help.
 
HCA offers free foreclosure and home retention counseling, providing the following services:    
     -  budgeting to restructure debt and existing obligations
     -  loan modifications
     -  communication with mortgage lenders and servicers on the homeowner's behalf
     -  assistance to Hawaiian Home Land beneficiaries with unique trust issues 

 For more information, Call Us - We Can Help!  Call toll-free 1.866.824.0448.
Youth Corner
Financial Education Reaches Hawaii Teens
 
Kahua Waiwai Collaborative OrgsIn 2008 HCA worked with local communities to develop Kahua Waiwai, Opio Edition, a financial education handbook for the specific needs of Hawaii teenagers.
 
Kula No Na Poe YouthWith books in hand, HCA set out in the first half of 2009 to bring Kahua Waiwai, Opio Edition to the  same  communities responsible for guiding the handbook's  vision, content, and illustrations.  HCA would like to highlight the following program successes made possible by the hard work of local community leaders, service providers, teachers, parents, and most importantly, youth.
 
In 2009, HCA:
     * held 3 train-the-trainer sessions statewide.
     * prepared 40 trainers to implement and deliver financial
        education programs in their own communities using Kahua
        Waiwai, Opio Edition.
     * built a collaborative of 27 community-based organizations
        (shown right) dedicated to promoting youth financial education
        in their own neighborhoods.
     * launched a Statewide Youth Financial Education Initiative
        with its organization partners, resulting in the teaching of 368
        Hawaii teens through free financial education workshops using
        Kahua Waiwai, Opio Edition.
     * secured partnerships with Hawaii First Federal Credit Union
        (Waimea, Big Island) and Hawaii USA Federal Credit Union
        (Oahu and Maui) to increase access to banking opportunities
        for teens taking part in workshops utilizing Kahua Waiwai, Opio
        Edition.
 
Hear about Kahua Waiwai, Opio Edition from community members like you...
 
     "The words I hear people talk about are starting to make sense; I 
      think my brother needs this (financial education training) too.  I
      didn't know about all the money (taxes) that comes out of your
     paycheck.  I learned a lot, especially about wise decision making
     and how it affects more than just me."
         ~ Kim, Panaewa Hawaiian Homestead youth, Age 16
 
     "I learned that in order for our economy to grow and keep our
      local goods within the State of Hawaii we should spend our
      money locally.  In the future, I'd tell my kids what I
      learned...hopefully they choose to spend their money wisely and
      at the local stores."
         ~ Chanelle P, Kula No Na Poe Hawaii Junior Leader
 
     "Kahua Waiwai is more than I expected...The introduction to each
      of the chapters gives a great historical account as well as the
      cultural values of our host culture - from a self-sufficient
      subsistence economy to a globally dependent market economy."
         ~ Calvin Nemoto, Maui Kahua Waiwai volunteer trainer

For more information about Kahua Waiwai, Opio Edition, upcoming train-the-trainer sessions, or to sign up for workshops being offered in your own community, contact HCA Programs Coordinator, Jeff Gilbreath at 808.587.7653 or via e-mail at jeff@hclending.com.