Categorized | Government, News

Hawaii to receive more than $700,000 for affordable housing development

MEDIA RELEASE

Senators Daniel K. Inouye and Daniel K. Akaka.

WASHINGTON – Hawaii will receive $751,459 for the construction, acquisition or rehabilitation of affordable housing units in all four counties, Senators Daniel K. Inouye and Daniel K. Akaka announced today.

The money was awarded to the Hawaii Housing Finance and Development Corporation through a grant funded by the American Recovery and Reinvestment Act of 2009.

The money will create opportunities for low income families living in affordable housing units throughout the state.

It will also help create much needed construction jobs and other work associated with the maintenance and upkeep of affordable housing units.

“These difficult economic times are forcing working families to struggle to find affordable housing. These funds will help improve their prospects while creating work for our construction industry,” said Senator Inouye.

“These resources will help create additional affordable housing opportunities for working families,” said Senator Akaka. “Not only will these funds help generate jobs for our construction industry, they will also help our state housing agency rehabilitate and add more units to its inventory for those in need.”

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