hhoc Housing and Land Trust
hhoc Housing and Land Trust
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About this organization
Mission
The mission of hhoc housing land trust is to provide affordable housing and homeownership opportunities to low- and moderate-income families in Hawaii while ensuring permanent housing affordability through the use of a land trust model.
About
In 2018, the board of directors focused on developing the infrastructure for the purchase and resale program to preserve or create affordable homes. This included drafting the deed restriction document to ensure the hhoc housing and land trust had the first option to repurchase a property when the owner wanted to sell it, and the formula to calculate the repurchase price to ensure affordability for subsequent owners. Planning to ensure future program sustainability and discussion with government entities responsible for repurchase of affordable properties under deed restriction also occurred. The first home to be purchased and resold to a low or moderate income buyer(s) is scheduled for 2019.
Interesting data from their 2020 990 filing
The purpose of the non-profit is listed in the filing as “None”.
When discussing its operations, they were characterized as: “The mission of hhoc housing land trust is to provide affordable housing and homeownership opportunities to low- and moderate-income families in hawaii while ensuring permanent housing affordability through the use of a land trust model.”.
- The non-profit's legally reported state of operation is HI.
- The filing states that the non-profit's address in the year 2020 is 1259 AALA STREET NO 201, HONOLULU, HI, 96817.
- The form submitted by the non-profit for 2020 shows a total of 0 employees.
- Is not a private foundation.
- Expenses are less than $100,000.
- Revenue is between $100,000 and $250,000.
- Revenue less expenses is $224,265.
- The organization has 9 independent voting members.
- The organization was formed in 2015.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.