100th shopping letter issued today by County’s Ho‘okumu Hou First-Time Homebuyer program
Maui County's Ho‘okumu Hou First-Time Homebuyer Opportunity Program has now issued 100 shopping letters, after 18 wildfire-displaced households received theirs at a ceremony at the Lahaina Resource Center.
The program gives eligible households up to $600,000 to cover the gap between what they can finance and the cost of an eligible home in Maui County. The money can go to a down payment, closing costs, lowering the principal or buying down the interest rate.
A shopping letter means a household is approved to start looking for a home in its price range, and staff keep helping recipients through the purchase. Mayor Richard Bissen called it "the only program of its kind in the nation," developed by the county's Office of Recovery.
Key points
- 100 shopping letters issued so far
- Up to $600,000 per household
Summary written by Readthrough from the original article. The full story, with photos and any updates, is at Maui County News.
