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American Savings Bank donates $20,000 to the Hawai‘i HomeOwnership Center

ASB July 14, 2016 | 5 min read N/A

HONOLULU, HAWAII, 2016—American Savings Bank (ASB) has provided a $20,000 grant to the Hawai‘i Home Ownership Center (HHOC). ASB has supported HHOC through grants to fund homeownership promotion. Established in 2003, the Hawai‘i HomeOwnership Center provides education, information, and support to first time homeowners. HHOC has served more than 5,116 households across the state, providing homebuyer education classes, counseling, and assisting with foreclosure prevention.

“For more than 90 years ASB has been helping our customers and the community realize their dreams. We celebrate the great work of the Hawai‘i HomeOwnership Center and their efforts to help Hawai‘i residents realize their own dreams of homeownership,” said Rich Wacker, President and CEO, American Savings Bank.

ASB’s grant will support HHOC’s efforts to promote homeownership among Hawai‘i’s low and middle-income families and help educate first time owners about budgeting and financial literacy. Through low-income housing tax credits (LIHTC), ASB has helped support the development of affordable housing by investing in LIHTC projects across the state.

“We appreciate that ASB supports sustainable homeownership. Their investment in equipping first-time buyers through education and individual coaching is critical to our members having a safe and stable place to raise their families,” said Dennis Oshiro, executive director, Hawai‘i HomeOwnership Center.

For many years ASB teammates have been volunteering at HHOC, teaching homebuyer classes and educating participants on the mortgage process and loan qualification.