Bill > HB2260

This bill makes the Dwelling Unit Revolving Fund Equity Pilot Program permanent by establishing a new section in Hawaii Revised Statutes Chapter 201H that formalizes the program, allowing the Hawaii Housing Finance and Development Corporation (the "corporation") to purchase equity in for-sale housing development projects to reduce the cost for eligible buyers, who are defined as qualified residents. The bill also modifies the Dwelling Unit Revolving Fund, which is a fund used for housing development programs, to explicitly allow its use for purchasing equity in these projects. Crucially, this bill repeals the sunset date for Act 92, Session Laws of Hawaii 2023, which originally created the pilot program, thereby making the program permanent and removing the previous limitations and reporting requirements associated with the pilot phase.

Housing and Urban Affairs

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=2260&year=2026