Triple Border
Quarterly Newsletter

April 2010

In This Issue
Family Financial Education Initiative
Anahola Families Select Lots
Foreclosure Prevention Update
Call Us ~ We Can Help Prevent Foreclosure
Big Island Financial Education Pilot Kicks Off
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
    April 17, 2010
    May 8, 2010
    June 26, 2010


Maui
All workshops are scheduled from 8:30 am - 5:00 pm
 
Queen Liliuokalani Children's Center
    April 17, 2010
    May 22, 2010
    June 26, 2010


Kauai
Kauai County Building
 
  Orientations
  5:00pm - 7:00pm
     April 7, 2010
     May
12, 2010
 
  Workshops 
  5:00pm - 9:00pm
     April 21 & 22, 2010
     May 19 & 20, 2010


Big Island
All workshops are scheduled from 8:00 am - 5:00 pm

Hilo
Kinoole Plaza
      April 3, 2010
   
  June 12, 2010

      August 7, 2010
      October 9, 2010

      December 4, 2010


Kona
The Neighborhood Place of Kona
     May 15, 2010
     July 10,  2010
     September 11,  2010
     November 6, 2010

Hawaii Community Lending 

Call us today to finance your home!



Kui Pic
Kui Meyer
587-7655
 



Winona Pic
Winona Kauhane
587-7624




Building Foundations
for Future Generations

Recycle for Financial Education 

YouthVision Youth

Hawaiian Community Assets has launched its Family Financial Education Initiative.  This initiative will help break the cycle of poverty by providing youth and families with the tools to make smart money decisions today and tomorrow!
 
Please invest in your children today by donating your old electronics (i.e. computers, cell phones, MP3 players, etc).  Proceeds raised will go toward direct costs of providing free financial education workshops and counseling to youth and families.
 
Visit Gazelle to make your cost-free electronic donation to support HCA financial education programs today!
 
Hawaiian Community Assets (HCA) offers this quarterly newsletter to provide you with updated information on current programs and services.
 
HCA's mission is to build the capacity of low and moderate income communities to achieve and sustain economic self-sufficiency with a particular focus on Native Hawaiians.

HCA programs include:
  • Homebuyer Education and Pre-Purchase Counseling
  • Post-Purchase Education and Counseling
  • Foreclosure Prevention and Loan Modification Services
  • Youth Financial Education
  • Mortgage Financing
  • Loan Packaging
HCA and Faith-Based Community Launch Statewide Family Financial Education Initiative
 
Family w HCA logoHONOLULU, HI - In its 10th year as a homebuyer and financial education provider, Hawaiian Community Assets (HCA), in partnership with Faith Action for Community Equity (FACE), launched a statewide Family Financial Education Initiative in April to commemorate Financial Literacy Month.  The initiative seeks to raise awareness and funds to provide youth and families with free financial education services over the next year.  100% of proceeds raised will cover direct costs to provide family financial education and foreclosure prevention services to Hawaii residents across the state.

 

Since the initiative's opening announcement in March, HCA has raised $3996 from a variety of community members and organizations!!  To date, 90 individuals have contributed $5 each for a total of $450, while the following community members and groups have also donated to the initiative:

-          $2500: Hawaii USA Federal Credit Union

-          $510: Homeschooling Parents of Hawaii

                -          $250: Build Systems International

-          $250: Li Garcia-Ballard

-          $36: Gary Baumer

        
"The success of the initiative shows the widespread support for financial education and foreclosure prevention counseling in communities across the state," says Michelle Kauhane, HCA Executive Director.  "The lives of every family member and individual in Hawaii have been touched by the ongoing economic recession.  Our hope is that this initiative can serve as an example of what can happen when we come together at the community level to do our part to address the serious issues facing ourselves, our households, and our neighborhoods."
 
Give Today!

Groups and individuals can make tax-deductible donations to HCA in 3 easy ways:

  1. Visit Just Give and make a donation through Hawaiian Way Fund by designating Hawaiian Community Assets as donor recipient.

  2. Visit Gazelle and recycle your old electronics (i.e. cell phones, computers, MP3 players, etc) as a cost-free way to support youth and family financial education in Hawaii.
  3. Mail checks payable to HAWAIIAN COMMUNITY ASSETS, Family Financial Education, 1050 Queen Street #201, Honolulu, HI 96814.
For every $5 donated up until April 11, donors will receive a ReWards ticket good for savings at 85 stores and chances to win $100 in gift cards at Ward Center during its Friends*Family*Community Weekend, April 9th - 11th. The weekend will feature free entertainment and HCA will be on-site, Friday, April 9 (10am-2pm) and Saturday, April 10 (2p-6p) providing hands-on youth financial education activities.

 

In addition, FACE will be organizing giving opportunities at churches, temples, and faith-based groups during the month of April.  Individuals interested in giving their time are welcome to sign up as volunteers to help HCA intake families who are at-risk of experiencing foreclosure.


"Our families are hurting badly.  People at-risk of foreclosure are locked in a quiet struggle with despair that hurts families, neighborhoods, churches, and temples.  As faith leaders we see this all the time and it makes us feel helpless," shares FACE Executive Director, Drew Astolfi.  "That's why HCA's leadership on this issue is so important.   They give us a way to fight back - not just against predatory loans, but against the cloud of despair that is hanging over our people."

For more information about the statewide Family Financial Education Initiative or HCA's financial education and foreclosure counseling services visit www.hawaiiancommunity.net, call toll-free 1-866-400-1116, or email jeff@hawaiiancommunity.net.

 

For more information about FACE, visit www.facehawaii.org.

Twelve Families Selct Lots in Anahola
 
Ohana Building

LIHUE, HI - Twelve families selected lots in the Department of Hawaiian Home Lands' (DHHL) Pi'ilani Mai Ke Kai Subdivision in Anahola on Saturday, March 20.  All 12 pre-qualified for the Council for Native Hawaiian Advancement's (CNHA) Homestead Self Help Program.

"We are so excited for this day," said Halan Kamoku-Fernandez, a member of one of the Program's pre-qualified families.  "We have been waiting a long time."  The excitement was evident as families arrived at the meeting, held at King Kaumualii Elementary School in Lihue, to pick a lot for a new four-bedroom, two-bathroom home in Anahola.

"We are thrilled that everyone is here and that everyone will pick a lot today," said Jean Lilley, CNHA's Lending Services Manager.  "No one will go home empty-handed." All 12 families indeed accepted their lots to the applause of those still waiting.  Henry Kupihea, called first for selection, chose his lot with tears of joy in his eyes at the realization that his dream of homeownership was becoming a reality.

The Council for Native Hawaiian Advancement, working in partnership with DHHL, officially launched its new Homestead Self Help Program at Saturday's event.  "We have been working for over a year to put this program together," said Robin Puanani Danner, President and CEO of CNHA.  "I'm so proud of these families for their hard work, and our team is ready to start building new homes with them."

In addition to CNHA's partnership with DHHL, the Council for Native Hawaiian Advancement is also working with Hawaiian Community Assets (HCA) to provide financial education and loan packaging services to participant families. HCA helps participants budget and qualify for construction loans and will continue to work with the families throughout construction in maintaining good financial health and preparing for their mortgages. Kahua, Inc. is another important partner in the Homestead Self Help Program. The nonprofit will assist families with home construction and will coordinate subcontractor work and materials delivery.  

CNHA's Homestead Self Help Program is designed to create a community that will not only build their homes together, but also live together in the same neighborhood.  Families commit every weekend to constructing their houses, and the dozen homes will be complete before any one will occupy them.  With household participation, construction costs are lower than traditional construction methods and the mortgages are more affordable.

The Homestead Self Help Program serves families with incomes of up to 200% of the area median income.  Participating families receive homeownership counseling, financial education, and technical assistance during construction.  They also receive assistance securing appropriate financing for the construction and purchase of their new house, estimated at $158,000 each.
Foreclosure Prevention Update

HONOLULU, HI - Despite a slight decrease in national foreclosure rates, reported by RealtyTrac in February 2010, HCA's Call Us ~ We Can Help Prevent Foreclosure Campaign continues to grow and meet the needs of families requiring loan modification assistance.

Foreclosure Sign"Since January 1st, 2010 we have taken at least 120 phone calls requesting information, assistance, and services related to mortgage modification and foreclosure prevention help," says Hallie Bennett, HCA's Foreclosure Prevention Intake Staffer.  "Of those 120 phone calls approximately 40 clients submitted mortgage modification requests to their lenders using the services HCA provides as counselor, advocate, and negotiator."

Since its inception in January of 2009, the campaign has responded to over 420 calls for foreclosure prevention assistance.

"We have seen an increase in client referrals through PSA's and newspaper ads running in various media, but most encouraging has been the rise in referrals through friends, family, church groups, HUD, and lenders themselves," continues Bennett.

Through targeted outreach and coalition building, Bennett has successfully marketed the campaign statewide, however, the majority of phone calls have come from Oahu (55%) followed by Big Island (15%), Maui (15%), and finally, Kauai (10%).  These statistics, gathered through the Campaign, directly reflect the foreclosure percentages occurring throughout the Hawaiian Islands, as reported by RealtyTrac.

"The number of people calling in and acquiring foreclosure prevention services has been steadily growing and we are enthusiastic about the positive results we have experienced since the start of the program," comments Kathy Mark, HCA's Community Service Specialist on Oahu. "It is hard work, but when a client receives a modification that allows them to save their home; the hard work pays off."

For more information on how to receive free foreclosure counseling services through HCA, call (toll-free) 1.866.400.1116 or email Hallie Bennett at hallie@hawaiiancommunity.net.


CALL US ~ WE CAN HELP
PREVENT FORECLOSURE
 
Stop Foreclosure    (808) 587-7886
                 or 
    1-866-400-1116
 
                 Free Help With:
           * Loan modifications
           * Work out plans 
           * Reducing payments
           * Lowering interest rates 
 
Nothing is worse than doing nothing

Youth Corner

HCA, YWCA, and Bank of Hawaii Kick Off Big Island Financial Education Pilot Project

 
Youth with Kahua WaiwaiHILO, HI - On Tuesday, March 23rd HCA, YWCA-Hawaii Island, and Bank of Hawaii came together to launch the Big Island Youth and Family Financial Education Pilot Project.  The 8-week pilot will provide free financial education to 8 YWCA teen court youth using HCA's "Kahua Waiwai -Building a Foundation of Wealth" curriculum.  Information gathered during the project will be utilized to identify best practices, evaluate projected outcomes, and strengthen evidence-based data to expand HCA's youth financial education program to underserved teenagers on Big Island and across the state.
 

"To take any program to scale it is important to gather the data and harness the community support necessary to make it a success," says HCA Program Coordinator, Jeff Gilbreath.  "We mahalo YWCA and Bank of Hawaii for recognizing the need for financial education in our communities and for having the foresight to lay a foundation of economic self-sufficiency for local families and future generations."

The pilot will also feature 1-day workshops in April for YWCA staff, their families, and families enrolled in its healthy start and empowered women's programs.  Activities of the pilot project were made possible through financial support from Bank of Hawaii.

For more information about the Big Island Youth and Family Financial Education, contact HCA Program Coordinator, Jeff Gilbreath at (toll-free) 1.866.400.1116 or via email at jeff@hawaiiancommunity.net.