Official record
Measure details
- Jurisdiction
- Hawaii
- Session
- 2026
- Chamber
- lower
- Classification
- bill
- Subjects
- Downpayment Loan Assistance Program, HHFDC
- Introduced / first action
- 2026-01-26 00:00:00
Source-supplied abstracts
Amends the Downpayment Loan Assistance Program by: removing the prohibition on combined loan-to-value ratios; clarifying the Hawaii Housing Finance and Development Corporation's authority to establish interest rates and allow payment waivers and interest forgiveness; authorizing financial institutions, mortgage lenders, and other loan originators to originate downpayment loans; and reducing the borrower's required personal contribution toward the downpayment. Authorizes borrowers to use a portion of a downpayment loan to pay for closing costs, prepaids, and reserves for the purchase of the residential property for which the downpayment loan is provided. (CD1)
Sponsors
- NAKAMURA (primary), primary