Act 214, on 07/08/2026 (Gov. Msg. No. 1316).
Summary
The bill revises the state’s Downpayment Loan Assistance Program to let eligible homebuyers contribute only 3% of the purchase price, removes the ban on combined loan‑to‑value ratios, and permits lenders and nonprofits to originate the loans. It also gives the Hawaii Housing Finance and Development Corporation authority to set interest rates, waive payments and forgive interest, and allows part of the loan to cover closing costs. These changes aim to make homeownership more affordable for first‑time buyers.
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