The Hawaii Association of REALTORS® (HAR) commends the U.S. Department of Veterans Affairs (VA) for its announcement that it will resume guaranteeing home loans for veterans seeking to purchase rainwater catchment properties in Hawaiʻi.
“For several years, HAR has been working with local and Washington, D.C. representatives on finding a solution to a gap group of veterans that have been denied VA loans based on rainwater catchment systems,” said HAR President Trudy Nishihara. “We applaud the efforts by representatives in Washington, D.C., local governmental representatives, and the VA for coming to a resolution that provides an approval process and resuming the home loan guaranty program.”
Since 2011, veterans in Hawaiʻi have been unable to take advantage of VA benefits to purchase homes or refinance existing loans on homes served by rainwater catchment systems.
VA policy and details may be viewed here.