Rental Housing Revolving Fund (RHRF)

Hawaii Housing Finance and Development Corporation
Hawaii

The Rental Housing Revolving Fund (RHRF) provides “Equity Gap” low-interest loans to qualified owners and developers constructing affordable housing units. Funds may be used to provide a loan for the development, construction, acquisition, preservation, and substantial rehabilitation of rental housing units. (NOTE: RHRF was formerly known as the Rental Housing Trust Fund pursuant to Act 237, SLH 2015, effective July 15, 2015.) Eligible applicants include qualified nonprofit and for-profit corporations, limited liability companies, partnerships, and government agencies. All awards are made competitively and are subject to the availability of funds. Each program has its own application deadlines and requirements. Please contact program staff more details. The RHRF is authorized by Chapter 201H, Subpart III.J., Hawaii Revised Statues.

Priority Populations

Extremely low-income households (income less than 30% AMI); Households at or below 80% AMI

Total Funding
$300,000,000
Funding Source
General revenue
Funding Year
2022
How Provided?
Development loans
Website
https://dbedt.hawaii.gov/hhfdc/developers/rhtf_html/