Homestead Community Development Corporation
The Homestead Community Development Corporation (HCDC), a 501(c)3 nonprofit founded by the Sovereign Council of Hawaiian Homestead Associations (SCHHA), has been awarded $127,000 from the national intermediary, Credit Builder Alliance (CBA).
Competitive funding awards were made by Credit Builder Alliance to several community development financial institutions (CDFIs) in States and tribal areas around the country. Homestead Community Development Corporation will direct the Credit Builder Alliance investment to consumer products on or near Hawaiian Home Lands in all 4 counties in Hawaii.
“This is an important investment in consumer loan and financial services we provide to waitlist and homestead families,” said Vaipuarii Tapiero-Kight, a loan fund program manager at Hawaiian Lending & Investments (HLI), a Homestead Community Development Corporation initiative. “We appreciate the inclusion of Hawaiians and our trust land communities by Credit Builder Alliance.”
Homestead Community Development Corporation and its HLI initiative will combine the Credit Builder Alliance capital with other intermediary investments received, to continue to bring loans and grants directly into homestead communities and to waitlist beneficiaries. The Credit Builder Alliance funds will be deployed for example, to clear traffic tickets, purchase used vehicle, add comfort sheds or solar water systems, repair credit scores, improve food security, and other consumer type purposes.
“We so appreciate the Credit Builder Alliance dedication to opening access to capital by underserved communities, including Native and tribal areas like ours,” said Iwalani McBrayer, Homestead Community Development Corporation Board chairperson. “Credit Builder Alliance has been a great partner over the last two years in growing our ability to serve our families statewide.”
Homestead Community Development Corporation launched its Native CDFI initiative in 2019 for Hawaiian Home Land beneficiaries, and within two years has raised over $1.5 million dollars in grant and loan capital and millions more in mortgage capital for the waitlist.
“We partner with funding sources like Credit Builder Alliance, but also fellow nonprofit loan funds in Hawaii and nationally,” said Faisha Solomon, Homestead Community Development Corporation Deputy Director. “Most important to our work, are the important thought leaders elected to their respective Homestead Associations in every corner of our land trust. These unique leaders are frankly the most knowledgeable experts on the needs of our people on Hawaiian Home Lands, and definitely, families waiting for a homestead award are very important to our team.”
For more information about loan and grant opportunities that advance prosperity and well-being on Hawaiian Home Lands, contact firstname.lastname@example.org.
About Homestead Community Development Corporation
Founded in 2009 by the Sovereign Council of Hawaiian Homestead Associations (SCHHA), Homestead Community Development Corporation is a 501c3 tax exempt nonprofit dedicated to affordable housing and economic prosperity on or near Hawaiian Home Lands statewide. Homestead Community Development Corporation is governed by SCHHA enrolled members and partners with self-governing homestead associations (similar to tribal governments in Indian Country), defined under 43CFR Part 47.1 on Kauai, Oahu, Maui/Lanai and Hawaii Island, to support the building of homes and economic development projects.
About Sovereign Council of Hawaiian Homestead Associations
Founded in 1987, the Sovereign Council of Hawaiian Homestead Associations is the largest homestead association registered with the United States Department of Interior, exercising sovereignty under the tenets of the Hawaiian Homes Commission Act of 1920 to advance the interests of 10,000 land allottees and 28,000 Hawaiians awaiting a land award. The Sovereign Council of Hawaiian Homestead Associations incorporated two 501c3 nonprofits, to deliver services and projects on or near Hawaiian Home Lands, the Homestead Community Development Corporation (HCDC) in 2009 and Hawaiian Lending & Investments (HLI) in 2019.