Senator Angus L.K. McKelvey (District 6 - West Maui, Mā‘alaea, Waikapū, South Maui) issued the following statement in response to the Office of Housing and Urban Development’s (HUD) FHA mortgage bar:
"The announcement by HUD to bar any foreclosures of FHA notes is good news to the people of Lahaina, Maui. I want to thank President Biden, Governor Green, Rep. Jill Tokuda and the other members of our federal delegation for delivering this much needed help. This action will help to stop the trauma of foreclosures for many families, especially for those whose homes are no longer standing.
While this an important first step, it is only the first one and as such I hope our federal partners and others will continue to work towards deferment of mortgages for owner occupied properties, especially multimember households, as well as other types of forbearance that could be used to help forestall the sale of Lahaina."