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HOME OWNERSHIP ASSISTANCE<br />
PROGRAM<br />
The purpose of the Home Ownership Assistance Program (HOAP)<br />
is to prepare and equip Native Hawaiians for homeownership.<br />
HOAP offers three (3) vehicles to address barriers that Native<br />
Hawaiians <strong>ma</strong>y face in achieving homeownership or preserving<br />
their home: Financial Literacy Services, Job Training and Placement<br />
Services, and Social Services.<br />
The cost of homeownership in the state of<br />
Hawai‘i is not cheap. Over the past 10 years,<br />
we have seen Hawai‘i house prices skyroc<strong>ke</strong>t.<br />
As the availability of affordable housing<br />
for Hawai‘i families continues to decline, the<br />
Department has ta<strong>ke</strong>n the lead to develop affordable<br />
homeownership for its beneficiaries.<br />
Understanding that homeownership can <strong>ma</strong><strong>ke</strong><br />
a tremendous positive difference for a native<br />
Hawaiian family, DHHL is changing its approach<br />
to homeownership through HOAP.<br />
HOAP helps existing homeowners retain their<br />
property should a financial crisis impact their<br />
lives. Since the program began in 2004, 7,127<br />
participants have enrolled in 412 homebuyer<br />
education courses statewide and more than<br />
6,200 families are working with a counselor.<br />
DHHL ANNUAL REPORT 2010 | 19
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