Supported by donations from REITs in Hawaii to the Nareit Foundation, a section 501(c)(3) charity, a $130,000 grant was awarded to the nonprofit Kauai Housing Development Corporation to help with the building of a new, affordable single-family home in Lihue, Kauai.
Presented as part of the Foundation’s Nareit Hawaii Community Giving Initiative, the new four-bedroom, two-bathroom home will provide a family with an interior living space of 1,465 square feet on a lot measuring 3,414 square feet. Especially appealing is that the home is located next to a park, providing convenient access to sports fields, a playground, open spaces, and community activities.
Nareit Hawaii Executive Director Gladys Quinto Marrone said: “Supporting workforce housing for families is vital to the future of our communities. We appreciate the tremendous effort put forth by the Kauai Housing Development Corporation to partner with Nareit and other entities to make this new home affordable for a family that will make the community stronger.”