01/25/2019 | by

As part of its REITWay Hawaii Charitable Giving Campaign, the Nareit Foundation contributed $100,000 to Na Hale O Maui, a section 501(c)(3) community land trust in Hawaii, to help build 12 homes in the Kahoma Residential Subdivision.

“We fully support the vision of Na Hale O Maui,” said Christopher White, senior general manager of Whalers Village, a shopping mall owned by Brookfield Properties Retail Group and located in Maui. “The people who live and work in West Maui need affordable quality homes in a community providing up-to-date amenities.”

Left to right: Fred Findlen, general manager, Hyatt Regency Maui Resort and Spa (Host Hotels & Resorts); Angela Vento, general manager, Wailea Beach Resort (Sunstone Hotel Investors); Mayor Mike Victorino, Maui County; Christopher White, senior general manager, Whalers Village (Brookfield Properties Retail Group); Dara Bernstein, senior vice president and tax counsel, Nareit; Cassandra Abdul, executive director of Nā Hale O Maui Community Land Trust.

The $100,000 grant will be used to reduce Na Hale’s loan, which will directly reduce the cost to homeowners.

“This donation from [the REITWay Campaign] marks a significant step toward leveraging funds for the construction of 12 truly affordable homes for income-eligible families living or working in West Maui,” said Cassandra Abdul, Na Hale executive director. “Na Hale O Maui homes remain affordable in perpetuity and never go to market.”

For more information about the REITWay Hawaii Charitable Giving Campaign, visit thereitwayhawaii.com.

(Contact: Dara Bernstein at dbernstein@nareit.com)

Get Nareit Developments blog posts delivered straight to your inbox.

Subscribe