HomeMy WebLinkAbout2020-06-04 COVID-19 Loan Program for ALICE recipients -- press release
Roy Takemoto
Managing Director
Harry Kim
Mayor
Barbara J. Kossow
Deputy Managing Director
County of Hawai‘i
Office of the Mayor
25 Aupuni Street, Suite 2603 Hilo, Hawai‘i 96720 (808) 961-8211 Fax (808) 961-6553
KONA: 74-5044 Ane Keohokālole Hwy., Bldg C Kailua-Kona, Hawai‘i 96740
(808) 323-4444 Fax (808) 323-4440
June 4, 2020
NEWS RELEASE
Hawai'i County Emergency Loan Program Announces First $28,700 Approved, Calls for
ALICE Workers and Entrepreneurs who Lost Income Due to COVID
Hawai'i County announced on June 3 early success of its Emergency Resilience Loan Program
in processing 121 applications and approving the first $28,700 for workers and entrepreneurs
who have lost income due to COVID-19.
The program opened last week with funding from the
Grant and Loan Options Available
County of Hawai'i and Hawai'i Community Foundation
to Hawaii Island Residents
and offers financial counseling and loans to ALICE
(asset limited, income constrained, employed) residents
Emergency Grants
who reside on Hawai'i Island and have lost income due
Hawai'i First Federal Credit Union
to COVID-19. Maximum loans amounts are $2,500 for
www.hawaiifirstfcu.com
individual workers and $5,000 for self-employed
persons.
Council for Native Hawaiian
Advancement
Local community development nonprofits Hawaiian
808.784.4464
Community Assets (HCA) and Hawai'i Community
kahiau@hawaiiancouncil.org
Lending (HCL) are administering the program on behalf
https://hawaiiancouncil.org/kahiau
of the County. HCL provides the loans, while HCA
Liliʻuokalani Trust
delivers financial counseling to every borrower.
808.466.8102
To qualify, loan applicants must have been ALICE
(asset limited, income constrained, employed) prior to
Emergency Loans
COVID and have not received emergency grants due to
Hawaiian Community Assets
COVID. See below ALICE income thresholds.
Hawai'i Community Lending
808.934.0801
# Household Minimum Annual Maximum Annual
www.HawaiianCommunity.net
Members Household Household
Income Income
Personal Loans
1
$14,361 $ 33,296
Call your credit union or bank to
2
$19,461 $49,548
request more information about
3
$24,541 $65,800
available loans.
4
$29,621 $82,052
5
$34,701 $95,267
6
$39,781 $108,482
7
$44,861 $121,697
8
$49,941 $134,911
County of Hawai‘i is an Equal Opportunity Provider and Employer.
June 4, 2020
Page 2
Online loan applications are available at www.HawaiianCommunity.net. Individuals with no or
limited access to the Internet or a computer may call 808-934-0801 for a paper application or
complete an application over the phone. Funds will go to qualified applicants on a first-come,
first-serve basis.
Applicants who have household incomes below ALICE will be referred to social service
agencies for emergency grants.
Applicants who have household incomes above ALICE will be referred to their local credit
unions and banks for personal loans.
To apply for a Hawai'i County Emergency Resilience Loan, visit www.HawaiianCommunity.net
Persons without internet access or a computer are encouraged to call 808-934-0801 to
complete an application over the phone.
County of Hawai`i is an Equal Opportunity Provider and Employer.