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.
provides training and technical assistance to rural areas in the western
It also helps rural communities obtain financing for projects they
failed to get money for through conventional loans.