Affordable Homeownership Revolving Fund (AHRF)
The Affordable Homeownership Revolving Fund offers low-interest loans to nonprofits for developing and preserving affordable for-sale housing in Hawaii, administered by the Hawaii Housing Finance and Development Corporation.
Funder: Hawaii Housing Finance and Development Corporation
Due Dates: Rolling (Continuous until funds are exhausted)
Funding Amounts: Up to $5,000,000 total available; typical loan interest rate 1–2% per annum; as of 9/30/25, $208,200 remains available.
Summary: Provides loans to nonprofit CDFIs and nonprofit housing developers for the development, preservation, and substantial rehabilitation of affordable for-sale housing units in Hawaiʻi.
Key Information: Only nonprofit CDFIs and nonprofit housing development organizations are eligible; funds are limited and awarded on a first-come, first-served basis.
Description
The Affordable Homeownership Revolving Fund (AHRF) is a loan program administered by the Hawaii Housing Finance and Development Corporation (HHFDC) to increase the supply of affordable for-sale housing throughout Hawaiʻi. The fund supports development, pre-development, construction, acquisition, preservation, and substantial rehabilitation of affordable homeownership units. The AHRF is intended to address the state's critical need for affordable homeownership opportunities by providing below-market loan financing to eligible nonprofit organizations.
