Relating To The Downpayment Loan Assistance Program.

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Plain-English 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 portio…

Source: OpenStates · fetched July 9, 2026

Votes

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D · PrimeNadine Nakamura

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