Hawaii House Bill 1724: Relating To The Hawaii Housing Finance And Development Corporation.

Hawaii · 2026 Regular Session

What it does

Makes the Dwelling Unit Revolving Fund Equity Pilot Program permanent, with modifications that include changing the method for computation of interest for purchasers of certain real property. Expands the use of proceeds in the Dwelling Unit Revolving Fund to include purchasing equity in for-sale housing development projects and interim primary or secondary financing. Exempts disbursements from the Affordable Homeownership Revolving Fund from appropriation and allotment requirements. Effective 7/1/2050. (SD1)

Latest action

Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. (2026-03-30)

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