Question

Which of these projects could be eligible for funding through the Native Hawaiian Housing Loan Guarantee Program?

a) Mickey moved from his home state of Colorado and intends to rehabilitate a single family home on Hawaiian home land for his family.
b) Morris is a native Hawaiian and intends to renovate and live in a single family home in a special management area on Oahu.
c) Ron is a native Hawaiian. He plans to rehabilitate a three-bedroom house located on Hawaiian home lands and then live in it.
d) Wendy plans to build a new duplex on Hawaiian homelands and rent both sides out.

Answer 1

The project in option c) with Ron planning to rehabilitate and live in a house on Hawaiian home lands is most likely to be eligible for funding through the Native Hawaiian Housing Loan Guarantee Program.

Step-by-step explanation:

The question pertains to the eligibility for funding through the Native Hawaiian Housing Loan Guarantee Program. Of the options provided, the project that is most likely to be eligible is the one outlined in option c): Ron, who is a native Hawaiian, plans to rehabilitate a three-bedroom house located on Hawaiian home lands and then live in it.

This aligns with the goals of the program, which is to assist native Hawaiians in accessing loan guarantees for homes on Hawaiian home lands. Option d) would not be eligible, as the program is not intended for rental investments.

Options a) and b) are less likely to be eligible, as Mickey is not a native Hawaiian and the special management area in Morris's case may have specific regulations that could affect eligibility.