Kauai County offers free first-time homebuyer education session in Līhue
Kauai County set a free Līhue class for first-time buyers as home prices stayed far above local incomes and loan limits mattered.
A no-cost First-Time Homebuyers Education Series is set for July 30 at the Kauai War Memorial Convention Hall in Līhue for working residents trying to buy their first home on an island where the median single-family sale price climbed 41% between 2010 and 2018 and was well above $700,000 in 2018. The session is meant to help people understand the buying process, what questions to ask and how to prepare before making a purchase.
Homebuyer Program applicants must be Kauai residents and first-time homebuyers, and registration for HUD-approved home buyer education classes is part of the program. Completing a HUD-approved Home-Buyer education class is one of two steps required to get onto the Kauai County Housing Agency affordable-housing waitlist for future affordable-housing project sales.
The Home Buyer Loan Program offers low-cost loans to first-time homebuyers who meet Kauai Median Household Income limits published by the U.S. Department of Housing and Urban Development for the island. A county flyer listed 2022/2023 Kauai Median Household Income limits ranging from $63,850 for a one-person household to $120,400 for an eight-person household. Another county brochure puts a $450,000 purchase at 3.00% interest at an estimated monthly payment of $2,147.22, including principal and interest, taxes and insurance.
A more recent county planning document shows Kauai saw about 4,885 new housing units built between 2010 and 2020, but the available housing stock still fell by 334 units. County housing planning materials also provide grants and loans directly to eligible applicants for affordable-housing activities benefiting low-income households below 80% of area median income.
This article was produced by Prism’s automated news system from verified source data, official records, and press releases, then run through automated quality and moderation checks before publishing. The system is built and supervised by the people who set the standards it runs under. Read our full AI policy.
Did this article answer your question?
