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<br /> <br />Diane L. Ley <br />Harry Kim <br />Director <br />Mayor <br /> <br /> <br />Riley Saito <br />Deputy Director <br /> <br /> County of Hawai‘i <br /> DEPARTMENT OF RESEARCH AND DEVELOPMENT <br /> 25 Aupuni Street, Room 1301  Hilo, Hawai‘i 96720-4252 <br /> (808) 961-8366  Fax (808) 935-1205 <br /> E-mail: chresdev@hawaiicounty.gov <br /> <br />June 23, 2020 <br /> <br />NEWS RELEASE <br /> <br />County Expands Emergency Resiliency Loan Program <br /> <br />Hawai'i County announced the expansion of its Emergency Resilience Loan Program. In <br />addition to offering financial counseling and zero-interest loans to ALICE (asset limited, <br />income constrained, employed) residents who reside on Hawai'i Island and have lost <br />income due to COVID-19, the program is now open to those with incomes below ALICE <br />levels (see table below): <br /> <br /># Household Members Maximum Annual Each Additional <br />Household Income Household Member <br />1 <br />$33,296 <br /> <br />2 <br />$49,548 <br /> <br />3 <br />$65,800 <br />Add $13,215 <br />4 <br />$82,052 <br />for Each Household <br />5 <br />$95,267 <br />Member above 8 <br />6 <br />$108,482 <br />persons <br />7 <br />$121,697 <br />8 <br />$134,911 <br /> <br />So far, over $123,000 in emergency zero-interest loans have been approved for workers <br />and entrepreneurs. Maximum loans amounts are $2,500 for individual workers and <br />$5,000 for self-employed persons. Funding is provided by the County of Hawai'i and the <br />Hawai'i Community Foundation. <br /> <br />Local community development nonprofits Hawaiian Community Assets (HCA) and Hawai'i <br />Community Lending (HCL) are administering the program on behalf of the County. HCL <br />provides the loans, while HCA delivers financial counseling to every borrower. <br /> <br />“The County is pleased to expand this program to help even more working families and <br />self-employed during this difficult time,” said Mayor Kim. “Working with the community, <br />and our partners at the State and Federal government and non-profits, we will get <br />through this and thrive again.” <br /> <br />“The Resilience Loan Program saw a steady stream of applicants from day one because <br />the financial impact of this pandemic has been extraordinary,” said Council Member <br />Ashley Kierkiewicz, who introduced measures to establish and fund the program. “We <br />reviewed the data and pivoted the program’s approach so we can help more families and <br />Hawai`i County is an Equal Opportunity Provider and Employer <br /> <br />