What is NAHASDA?

The Native American Housing Assistance and Self Determination Act of 1996 (NAHASDA) provides housing assistance through a block grant program from the United States Department of Housing and Urban Development (HUD). Native Hawaiians were added to NAHASDA in 2000. DHHL is the designated recipient of the Native Hawaiian Housing Block Grant (NHHBG).

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What can NAHASDA do for you?

NAHASDA funds can be used for lot development, homeowner financing, home construction, housing counseling, and other housing services.
Financing terms to include:

• No down payment required
• No closing costs
• Interest rate of up to 1%
• Financing up to appraisal amount
• Subsidy may be available

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What are the NAHASDA program requirements?

Total annual household income must be at or below 80% of area median income:

• House size is dependent on the total number of people residing in the home.
• Submission of required income and financial documentation.
• Adequate insurance coverage during and after construction
• Labor requirements for contractor
• Compliance with environmental mitigation requirements
• Affordability restriction in the lease addendum
• Mandatory participation in housing counseling

Lots 94 -100 are not eligible for NAHASDA financing.

Documents Needed

Income Documents:

• Most current two months consecutive pay stubs
• Most recent award statements for unearned income (ex: Social Security, pension, disability benefits, etc.)
• W-2s and/or 1099s and all pages of your personal federal income tax returns for the most recent two years. If no filings are required, please provide a written statement.
• (If applicable) All pages of your business federal income tax returns for the most recent three years
• (If applicable) Year-to-Date profit-and-loss statement (for all business entities)

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Asset Documents:

• Bank account statements (including written explanations of large deposit transactions) for the most recent two months.
• Investment statements (401k, IRA, stocks & bonds, whole life insurance, etc.) for the most recent two months

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Additional Documents

• Legible copy of ID for ALL household members (18 years and older)
• Documentation of other income (ex: alimony, child support, etc.)
• Landlord Information, if currently renting (Name, address, and phone number)
• Current mortgage statement showing a breakdown of principal, interest, taxes, and insurance (FOR REFINANCE TRANSACTIONS ONLY)
• (If applicable) Current HOA maintenance fees statement for all properties owned.
• (If applicable) Current property tax statements for all properties owned.
• (If applicable) Current rental agreements for all investment properties owned.
• Homeowners and hurricane insurance (declaration page – prior to loan closing)