summary
Introduced
01/28/2026
01/28/2026
In Committee
02/19/2026
02/19/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill 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 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. Effective 7/1/3000. (HD1)
AI Summary
This bill amends the Downpayment Loan Assistance Program to make it easier for people to buy homes by removing the restriction that the total loan amount, including the purchase money mortgage and the downpayment loan, cannot exceed 100% of the property's value. It also gives the Hawaii Housing Finance and Development Corporation (HHFDC), the state agency that manages the program, more flexibility to allow borrowers to skip payments and to forgive some or all of the interest owed on the downpayment loan. Furthermore, the bill allows financial institutions, mortgage lenders, and other loan originators to help create these downpayment loans, and it reduces the minimum personal contribution a borrower must make towards the downpayment from five percent to three percent of the sales price, clarifying that this contribution can include downpayment assistance from the program itself.
Committee Categories
Budget and Finance, Housing and Urban Affairs
Sponsors (1)
Last Action
House Finance Hearing (14:00:00 2/27/2026 Conference Room 308 VIA VIDEOCONFERENCE) (on 02/27/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=2270&year=2026 |
| BillText | https://www.capitol.hawaii.gov/sessions/session2026/bills/HB2270_HD1_.HTM |
| Committee Report HB2270_HD1_HSCR572-26_ | https://www.capitol.hawaii.gov/sessions/session2026/CommReports/HB2270_HD1_HSCR572-26_.pdf |
| HB2270_TESTIMONY_HSG_02-13-26_ | https://www.capitol.hawaii.gov/sessions/session2026/Testimony/HB2270_TESTIMONY_HSG_02-13-26_.PDF |
| BillText | https://www.capitol.hawaii.gov/sessions/session2026/bills/HB2270_.HTM |
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