First Hawaiian Bank Provides $30,000 Grant to Help Working Families Purchase Homes

Hawaii Family Finance Project

Preparing Hawaii Families for Homeownership and Financial Success

1050 Queen St., Suite 200 Honolulu, Hawaii 96814~800.709.2642~808.596.8155

info@hawaiiancouncil.org ~ www.hawaiiancouncil.org

FOR IMMEDIATE RELEASE:

March 23, 2011

Honolulu, Hawaii – First Hawaiian Bank announced a $30,000 grant to the Hawaii Family Finance Project (HFFP) to promote financial education for homebuyers and  assist them with their down payment.  Administered to serve low to moderate income families in every county, the HFFP is a three-year pilot program dedicated to improving credit scores, financial training and assisting families to purchase affordable homes.

“This contribution from First Hawaiian Bank to families saving for a down payment on a home is really what local banking is all about,” said Lilia Kapuniai, HFFP Project Officer.  “These funds will match the savings of hard working families that will be buying a home over the next three years.”

HFFP works with community partners to deliver training sessions, one-on-one assistance, credit score repair, and consumer grants to reduce debt and help to purchase homes.  Over 1,000 families will be enrolled and served over the life of the project, funded in part by a $3.1 million dollar grant from the U.S. Treasury Department.

“Through this statewide partnership of committed providers, we aim to reach rural families, urban families, military families – with a number of fantastic tools to improve financial capacity,” Kapuniai continued.  “The project includes earned income tax credit filing information, using checking and savings accounts, home loan qualifying, and of course special saving accounts that provide match funds to families.”

“One of our core values is caring so it is our pleasure and privilege to support such a worthy cause that helps more of our residents achieve the dream of home ownership,” said Sharon Brown, President of the First Hawaiian Bank Foundation.

The Hawaii Family Finance Project was developed by local nonprofit, the Council for Native Hawaiian Advancement (CNHA).  An asset building approach first developed by CNHA in 2004, it was successfully implemented for the Department of Hawaiian Home Lands and in 2011 will serve native and non-native families statewide.  “We could not be happier to be taking one of our best products to the entire state”, said Robin Danner, CNHA President and CEO.  “We truly thank First Hawaiian Bank for joining this project and always supporting community based solutions.”

For more information on the HFFP, contact Lehua Rosa, Project Coordinator at 808.596.8155 or email at info@hawaiiancouncil.org.

CNHA is a national network of Native Hawaiian Organizations, providing assistance in accessing capital and technical resources, and is a policy voice on issues important to Native Hawaiian communities. Its mission is to enhance the well-being of Hawaii through the cultural, economic, and community development of Native Hawaiians.  For more information about CNHA please contact us at 808.596.8155, toll-free at 1.800.709.2642, by e-mail at info@hawaiiancouncil.org, or visit our website at www.hawaiiancouncil.org.

###

Media Contact:

TiLeaf Group

A Native Advocacy Firm

P: 808.529.4610

F: 808.356.3423

E: info@tileafgroup.com