Breaking News

Breaking News

Bankoh to offer $3m in rural loans on Kaua’i and Big Island

HONOLULU (AP) — The Rural Community Assistance Corp. is getting an additional

$3 million from Bank of Hawaii and will use the money for low-interest loans on

the Neighbor Islands.

Bank of Hawaii’s last investment in the organization

was in 1997.

The money will be used by non-profit agencies assisting rural

areas throughout the Neighbor Islands.

Most of the money will be used for

affordable housing projects on Kauai and the Big Island.

The agency

provides training and technical assistance to rural areas in the western

states.

It also helps rural communities obtain financing for projects they

failed to get money for through conventional loans.

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