Loan Programs for Homeowners
Community Assistance Division
Down-Payment Loan
This 2nd mortgage loan must be used as additional down payment towards the sales price. It cannot be used for any other purpose related to the purchase transaction.
Borrowers may be eligible for Owner Occupancy Credit up to $20,000 after completion of the 10 year affordability period as stated in the HOME Program Recapture Agreement.
Down Payment Loan Brochure
Rehabilitation Loan
This program provides no-interest loans to owner-occupant homeowners with incomes up to 80% of the Area Median Income (AMI) for O`ahu, to repair their homes to meet basic housing quality standards. The repairs may include termite or wood rot damage, leaky roof, peeling paint, faulty electrical wiring, and plumbing. Accessibility improvements may be made to assist family members with disabilities. The installation or replacement of Energy Star compliant appliances are eligible under this program.
PLEASE NOTE: The City Rehabilitation Loan Program is not suitable for emergency repairs and/or remodeling upgrades. Due to current Federal, State, and City regulations to obtain loan approval, such as State Historic Preservation approval for any renovation work, the total processing time for a loan application maybe a year or longer. After loan approval, a building permit must be obtained. A Walls-in Rehabilitation Loan (interior repairs only) can sometimes qualify for an instant permit if the scope of work is $75,000 or less. In this case, loan approvals can be processed within 120 days.
Disaster Assistance Loan
This program provides residential repair loans to homeowners adversely affected by a declared disaster. Funds are used only to correct unsafe or unhealthy conditions caused by a disaster, and used only after Federal Emergency Management Agency (FEMA), Small Business Administration (SBA) , state, or insurance coverage are applied.