Nareit Hawaii Executive Director Gladys Quinto Marrone was a guest on the latest episode of Nareit’s REIT Report podcast. Marrone discussed the mission of Nareit Hawaii, including its community outreach work.
As to how the Nareit Hawaii Community Giving Initiative, established by the Nareit Foundation, goes about selecting the programs it chooses to support, Marrone noted, “We try to ensure that grantees come from all around the state and serve as many people as possible.”
Typically, four to five Nareit Foundation grants have been awarded annually, totaling about $350,000 to $400,000. In addition, five to six grants a year totaling $150,000 to $200,000, from Nareit Hawaii are awarded to nonprofits supporting a variety of charitable causes.
“We prioritize shovel-ready affordable housing projects that increase the supply of housing or require major repairs to be habitable,” Marrone says. “Our results from our giving are profound and widespread. We have touched and help to improve the lives of hundreds of individuals and families. We're so proud of that and we look forward to continuing to help make Hawaii a better place for future generations.”
During the interview, Marrone discussed topics, including:
- the ways in which REITs operating in Hawaii are supporting their communities
- a project Nareit Hawaii has supported that particularly stands out to her
- her induction into the Junior Achievement of Hawaii Business Hall of Fame for the positive impact that she and Nareit Hawaii have made to support affordable housing projects by nonprofits