Nareit Hawaii Honors Nonprofits Supporting Affordable Housing at 5th Annual Mahalo Reception

Strategic Insights -

In a ceremonial event held at the prestigious Pacific Club in Honolulu, Nareit Hawaii celebrated its 5th Annual Mahalo Reception, recognizing nonprofits committed to providing affordable housing solutions in Hawaii and presenting this year's recipients of Nareit Foundation grants. Hawaii Lt. Governor Sylvia Luke and Nareit President and CEO Steve Wechsler were among the keynote speakers, praising the dedication of nonprofits to improve the lives of families in need of affordable housing.

Key Takeaways:

  • The Nareit Foundation and Nareit Hawaii have collectively awarded 62 grants totaling $3.8 million in support of affordable housing projects and charitable causes since the Nareit Hawaii Community Giving Initiative was launched seven years ago.
  • The five Nareit Foundation grant awardees for 2025 include Kunia Village Development Corporation, Molokai Affordable Housing Alliance, Project Hawaii, Project Vision Hawaii, and The Institute for Human Services.
  • The grants will fund a range of affordable housing projects, including replacing outdated electrical systems and wiring, installing rainwater catchment systems, improving affordable housing accommodations for at-risk women, making improvements to apartment units for residents transitioning out of homelessness, and refurbishing community basketball courts.
  • The event honored nonprofits supporting affordable housing in Hawaii, recognizing their commitment to providing critical services to families in need.
  • Nareit Hawaii Executive Director Gladys Quinto Marrone announced the grants, highlighting the diversity of affordable housing programs being supported with the funding.

Statistics:

  • 62 grants totaling $3.8 million have been awarded by the Nareit Foundation and Nareit Hawaii since the Nareit Hawaii Community Giving Initiative was launched seven years ago.
  • 5 Nareit Foundation grants were awarded in 2025 to support affordable housing projects on Oahu, Molokai, Hawaii Island, and Honolulu, totaling an undisclosed amount.

Sources:

  • National Association of Real Estate Investment Trusts (NAREIT)
  • Gladys Quinto Marrone, Nareit Hawaii Executive Director