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HB 2270 HD1 SD1 CD1

Hawaii House bill in Session 2026.

Status: in_committee. Latest action: May 1, 2026.

HHFDC; Downpayment Loan Assistance Program.

Bill ID HI-2026-HB-2270
Session 2026
Status in_committee
Committee HOU, WAM
House in_committee 2026-05-01
Business / Commerce Housing
Summary

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)

Sponsor
Nadine K. Nakamura
Official Source Back to Bills
Actions Timeline
Date Event Detail
0000-00-00 Introduced Bill introduced
2026-05-01 Status in_committee
2026-05-01 Latest Action 48 Hrs. Notice (as amended CD 1) 05-06-26
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