LIHUE — In connection with its Community Giving Initiative, the Nareit Foundation’s REIT Way Hawaii announced the availability of grants to support affordable housing projects for the remainder of 2019 and 2020.
Over the past year, the REIT Way Hawaii Community Giving Initiative donated a total of $450,000 to four nonprofit organizations that are providing affordable housing to Hawaii residents.
Steven Wechsler, Nareit president and CEO, encourages eligible applicants to apply for grant funding.
Organizations who wish to be considered for grants should be implementing projects that provide affordable housing for sale or rent. Grant funds are not intended for planning and will only go to organizations with “shovel-ready” projects or to make land purchases for such projects.