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          (Thurs., June 10) --- The City and County of Honolulu and Oahu’s homeownership partners invite prospective homebuyers and homeowners to the 7th Annual Homebuyer/Homeowner Fair.  The event is free and open to the public and will be held on Saturday, June 19, from 9:00 a.m. to 1:00 p.m.


          Despite Hawaii’s high cost of living, the state has continually been among the lowest in the nation regarding foreclosures.  The City has been an important partner in helping many of Oahu’s families obtain low-interest down payment loans to buy homes.  The families completed City-sponsored financial literacy and home-buying workshops to ensure they were financially ready to purchase their homes.   To date, 237 families have taken advantage of the City’s services to buy homes. Additionally, 30 families from the City’s Section 8 Rental Assistance Housing Program have became homeowners.


Mayor Mufi Hannemann said, “We made history recently when our first participant in the City’s Section 8 rental assistance housing program purchased a new home built on Department of Hawaiian Homelands’ land.  This year, I’d like to see that number grow.  With the collaboration of private and government agencies, I can see more families realize the ‘American Dream’ of becoming homeowners.  I recommend our upcoming event for anyone interested in owning a home.”


As in previous fairs, a wide array of home-buyer resources will be available, including financial literacy workshops, home-buyer tips, credit repair, and non-profit agencies that can help with buying strategies. Loan officers will be available to provide loan information and pull credit reports.  Families that may be struggling with high mortgage payments can attend foreclosure counseling workshops that provide support, resources, and guidance to avoid foreclosures.


For more information, contact Judy Pulido at 768-7090 or Reina Miyamoto at the Hawaii Homeownership Center at 523-8116.


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Judy Pulido (768-7090)