Hawaii Grants There are many grants available in this State to assist a home buyer purchase a home. By using these grants it makes it possible to purchase a home with little or no money down.  Below is a list of some of the grants available, as well as contact information for each. Some are State sponsored grants. Some are sponsored on the county or municipality level.  Understand that many of these grants have limited funding, and most have income restrictions, so it is important to work with your mortgage lender and the non profit administering the grant program to ensure availability of funds.  Bank Sponsored Matching Funds Programs Community/local Sponsored Grants Seller Funded Down Payment Assistance Programs Bank Sponsored Matching Funds Programs  Banks that are members of the Federal Home Loan Banking system also offer IDA savings accounts. Visit the Regional Federal Home Loan Bank web site for more information. Community/local Sponsored Grants Statewide Programs  Alu Like, Inc. 458 Keawe Street Honolulu, HI 96813 (808) 535-6721 Individual Development Savings Account for people of Hawaiian ancestry  Department of Hawaiian Home Lands  P. O. Box 1879 Honolulu, HI 96808 (808) 586-3834 Receives and maintains applications of native Hawaiians for residential, agricultural or pastoral lot leases  http://www.state.hi.us/dhhl/  Hawaiian Community Assets 655 Kaumualii Street Wailuku, HI 96793 (808) 760-5100 Housing and Community Development Corporation of Hawaii  677 Queen Street, #300 Honolulu, HI 96813 (808) 587-0597 http://www.hcdch.state.hi.us/consumermenu.html Nanakuli Neighborhood Housing Services P. O. Box 2158 Nanakuli, HI 96792 (808) 842-0770 Toll free from neighbor islands: 877-668-2077 Oahu  Pacific Housing Assistance Corporation 677 Ala Moana Blvd., Suite 712 Honolulu, HI 96813 (808) 523-5681 Rent-to-Own Program - Tenney Village in Ewa  Waimanalo Community Development Corporation P. O. Box 634 Waimanalo, HI 96795 (808) 259-9558 Kauai  County of Kauai Housing Agency  4193 Hardy Street, Bldg. 2 Lihue, HI 96766 (808) 241-6449 http://www.kauaigov.org/housing.htm Kauai Housing Development Corporation 2955 Aukele Street, #203 Lihue, HI 96766 (808) 245-5937 Home Loan Program for low to very low-income families and Native Hawaiians  Maui  Maui Habitat for Humanity 256 Hina Avenue Kahului, HI 96732 (808) 893-0334 Molokai Habitat for Humanity P.O. Box 486 Hoolehua, HI 96729 (808) 567-6844 Hawaii Island  Hawaii Island Community Development Corporation 99 Aupuni Street, Suite 104 Hilo, HI 96720 (808) 969-1158 Serving Hawaii County: Mutual Self-Help Housing for low to very-low income families  Seller Funded Down Payment Assistance Programs There are several non profit organizations that allow a seller to “donate” funds to them at closing, which is then given to the buyer as a down payment assistance grant. Presently, the federal government is reviewing these programs to determine whether this practice is an acceptable lending practice. By using one of these programs it is possible to purchase a home with little or no money. The seller needs to be a motivated seller, and the home needs to be priced correctly. Usually the sales price is inflated to cover the “donation”. The home must be able to appraise at the inflated price. These programs are initiated by the lender, so it is important to work with a local lender before you start looking for a home. The lender will also know how present legislation is affecting the program. The two most commonly used programs are The American Dream DAP and The Nehemiah DAP. Below are links to their web site. American Dream:  http://www.americandreamdownpaymentassistance.com/dpa_app.cfm Nehemiah Corp:    http://www.nehemiahcorp.org/