Nareit Foundation seeks applications for grants to support nonprofit affordable housing programs

Submittal deadline is July 1 at 2 p.m.

KAHULUI—The Nareit Foundation, a Section 501(c) (3) organization, is inviting Hawaii nonprofits to submit applications seeking grants in support of affordable housing programs. The deadline for submitting grant applications is Monday, July 1, 2024, at 2 p.m.

Grants will be awarded through the Nareit Hawaii Community Giving Initiative. Funding for the Nareit Foundation grants is provided by donations from REITs operating in Hawaii.

Since launching the Nareit Hawaii Community Giving Initiative in November 2018, the Nareit Foundation has awarded $2.1 million in grants to support nonprofit affordable housing programs on Kauai, Maui, Molokai, Hawaii Island, and Oahu.

Nareit Hawaii Executive Director Gladys Quinto Marrone said, “We commend the commitment of the many nonprofits that are working hard to strengthen our community with affordable housing and encourage them to submit grant applications for consideration. A special thanks goes to our generous REIT partners for their support in making these Nareit Foundation grants possible.”

Grant applicants should be implementing projects that provide affordable housing for sale or rent. Grant funds are not intended for planning. Organizations with “shovel-ready” projects or needing to make land purchases for such projects will receive priority. All applicants must fill out the grant application form that can also be accessed from the home page of the Nareit Hawaii website.

Nareit Hawaii represents the interests of REITs in Hawaii and their participation in civic, community, and policy initiatives to benefit residents statewide, while also supporting community and charitable organizations that address social issues of importance. REITs are long-term property holders that own, renovate and manage affordable housing projects, commercial buildings, medical facilities, shopping centers, cell phone towers, public storage facilities, and hotels in Hawaii.

For more information about REITs in Hawaii and the charitable efforts of the Nareit Foundation and Nareit Hawaii Community Giving Initiative, please visit www.nareithawaii. com.