Hawaii Community Reinvestment Corporation
HCRC is a community-based non-profit corporation dedicated to improving the quality and availability of affordable housing for low and moderate income residents in the State of Hawaii.
Your Partner in Housing
Hawaii Community Reinvestment Corporation (HCRC) is a community-based non-profit corporation founded in 1991 to improve the quality and availability of affordable housing in the State of Hawaii. With participation from eight major financial institutions in the State, HCRC provides below-market interest rate loans for take out and financing the acquisition/ rehabilitation of properties for low-and moderate income families.
HCRC, through its wholly-owned subsidiary, Hawaii Investors for Affordable Housing, Inc. (HIAHI), also organizes tax credit investment funds which assist operating partnerships in the production, rehabilitation and preservation of affordable housing through the use of Low-Income Housing Tax Credit Program.
HCRC and HIAHI provide:
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Below-market rate permanent long-term financing for residential rental projects
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Low Income Housing Tax Credit investments
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Consulting services on Low Income Housing Tax Credit Applications
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Technical assistance to developers on financial planning for residential rental projects
HCRC is one of several consortia across the nation dedicated to the creation and preservation of affordable housing.
Kinau Vista, a 63-unit elderly housing in
Makiki, Oahu
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Kaimuki Plaza • 3465 Waialae Avenue, Suite 393 • Honolulu, HI 96816 • Phone (808) 532-3110 • Fax (808) 524-1069 • sydney@hcrc-hawaii.org
Copyright © 2005-2006 Hawaii Community Reinvestment Corporation. All rights reserved.