HB2270 • 2026

RELATING TO THE DOWNPAYMENT LOAN ASSISTANCE PROGRAM.

Housing

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: NAKAMURA (Introduced by request of another party)
Last action: 2026-05-07
Official status: Transmitted to Governor.
Effective date: Not listed

Plain English Breakdown

The official source material does not provide specific details on when the bill will be signed into law or its exact impact.

Changes to the Downpayment Loan Assistance Program

This bill amends rules related to downpayment loans in Hawaii, making it easier for eligible borrowers to obtain assistance.

What This Bill Does

Removes the prohibition on combined loan-to-value ratios.
Clarifies the authority of the Hawaii Housing Finance and Development Corporation (HHFDC) to establish interest rates and allow payment waivers and interest forgiveness.
Authorizes financial institutions, mortgage lenders, and other qualified loan originators to originate downpayment loans.
Reduces the borrower's required personal contribution toward the downpayment.

Who It Names or Affects

People who want to buy homes in Hawaii
Financial institutions that lend money for home purchases

Terms To Know

Downpayment Loan Assistance Program: A program that helps people buy homes by providing loans for downpayments.
Combined loan-to-value ratio: The total of all home-related debts compared to the value of the property being purchased.

Limits and Unknowns

It is not clear when this bill will be signed into law by the Governor.
The exact impact on homebuyers and financial institutions remains uncertain until the bill becomes law.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

CD1

Hawaii published version CD1

Plain English: HB2270 CD1 HOUSE OF REPRESENTATIVES H.B.

HB2270 CD1 HOUSE OF REPRESENTATIVES H.B.
NO.
2270 THIRTY-THIRD LEGISLATURE, 2026 H.D.
1 STATE OF HAWAII S.D.

HD1

Hawaii published version HD1

Plain English: HB2270 HD1 HOUSE OF REPRESENTATIVES H.B.

HB2270 HD1 HOUSE OF REPRESENTATIVES H.B.
NO.
2270 THIRTY-THIRD LEGISLATURE, 2026 H.D.
1 STATE OF HAWAII A BILL FOR AN ACT RELATING TO THE DOWNPAYMENT LOAN ASSISTANCE PROGRAM.

SD1

Hawaii published version SD1

Plain English: HB2270 SD1 HOUSE OF REPRESENTATIVES H.B.

HB2270 SD1 HOUSE OF REPRESENTATIVES H.B.
NO.
2270 THIRTY-THIRD LEGISLATURE, 2026 H.D.
1 STATE OF HAWAII S.D.

Bill History

2026-05-08 S
Received notice of passage on Final Reading in House (Hse. Com. No. 888).
2026-05-07 H
Transmitted to Governor.
2026-05-06 H
Received notice of Final Reading (Sen. Com. No. 816).
2026-05-06 H
Passed Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and none excused (0).
2026-05-06 S
Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.
2026-05-01 S
48 Hrs. Notice (as amended CD 1) 05-06-26
2026-05-01 S
Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 102-26).
2026-05-01 H
Forty-eight (48) hours notice Wednesday, 05-06-26.
2026-05-01 H
Reported from Conference Committee (Conf Com. Rep. No. 102-26) as amended in (CD 1).
2026-04-29 S
The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 3 Aye(s): Senator(s) Chang, Hashimoto, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2026-04-29 H
The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 3 Ayes: Representative(s) Evslin, Miyake, Pierick; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.
2026-04-28 H
Conference Committee Meeting will reconvene on Wednesday 04-29-26 10:00AM in conference room 224.
2026-04-27 H
Bill scheduled for Conference Committee Meeting on Tuesday, 04-28-26 10:03AM in conference room 224.
2026-04-27 H
Received notice of Senate conferees (Sen. Com. No. 760).
2026-04-24 S
Senate Conferees Appointed: Chang Chair; Hashimoto Co-Chair; Fevella.
2026-04-21 S
Received notice of appointment of House conferees (Hse. Com. No. 799).
2026-04-21 H
House Conferees Appointed: Evslin, Miyake Co-Chairs; Pierick.
2026-04-17 S
Received notice of disagreement (Hse. Com. No. 780).
2026-04-16 H
House disagrees with Senate amendment (s).
2026-04-14 H
Returned from Senate (Sen. Com. No. 668) in amended form (SD 1).
2026-04-14 S
Report adopted; Passed Third Reading. Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
2026-04-10 S
One Day Notice 04-14-26.
2026-04-10 S
Reported from WAM (Stand. Com. Rep. No. 3739) with recommendation of passage on Third Reading.
2026-04-07 S
The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The votes in WAM were as follows: 12 Aye(s): Senator(s) Dela Cruz, Moriwaki, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Richards, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Lee, C..
2026-04-02 S
The committee(s) on WAM will hold a public decision making on 04-07-26 10:31AM; Conference Room 211 & Videoconference.
2026-03-30 S
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2026-03-30 S
Reported from HOU (Stand. Com. Rep. No. 3209) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
2026-03-17 S
The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in HOU were as follows: 4 Aye(s): Senator(s) Chang, Hashimoto, Elefante, Rhoads; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.
2026-03-12 S
The committee(s) on HOU has scheduled a public hearing on 03-17-26 1:05PM; Conference Room 225 & Videoconference.
2026-03-10 S
Referred to HOU, WAM.
2026-03-06 S
Passed First Reading.
2026-03-06 S
Received from House (Hse. Com. No. 90).
2026-03-05 H
Passed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Perruso excused (1). Transmitted to Senate.
2026-03-05 H
Reported from FIN (Stand. Com. Rep. No. 858-26), recommending passage on Third Reading.
2026-03-02 H
The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 15 Ayes: Representative(s) Todd, Takenouchi, Hartsfield, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lee, M., Miyake, Morikawa, Perruso, Templo, Yamashita, Gedeon, Reyes Oda; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Alcos.
2026-02-27 H
Bill scheduled for decision making on Monday, 03-02-26 10:00AM in conference room 308 VIA VIDEOCONFERENCE.
2026-02-27 H
The committee(s) on FIN recommend(s) that the measure be deferred until 03-02-26.
2026-02-24 H
Bill scheduled to be heard by FIN on Friday, 02-27-26 2:00PM in House conference room 308 VIA VIDEOCONFERENCE.
2026-02-19 H
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and none excused (0).
2026-02-19 H
Reported from HSG (Stand. Com. Rep. No. 572-26) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2026-02-13 H
The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 9 Ayes: Representative(s) Evslin, Miyake, Cochran, Grandinetti, Kila, Kitagawa, La Chica, Muraoka, Pierick; Ayes with reservations: none; Noes: none; and Excused: none.
2026-02-10 H
Bill scheduled to be heard by HSG on Friday, 02-13-26 9:00AM in House conference room 430 VIA VIDEOCONFERENCE.
2026-01-30 H
Referred to HSG, FIN, referral sheet 5
2026-01-28 H
Introduced and Pass First Reading.
2026-01-26 H
Pending introduction.

Official Summary Text

RELATING TO THE DOWNPAYMENT LOAN ASSISTANCE PROGRAM.
HHFDC; Downpayment Loan Assistance Program
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 portion of a downpayment loan to pay for closing costs, prepaids, and reserves for the purchase of the residential property for which the downpayment loan is provided. (CD1)

Current Bill Text

Read the full stored bill text

HB2270

HOUSE OF REPRESENTATIVES

H.B. NO.

2270

THIRTY-THIRD LEGISLATURE, 2026

STATE OF HAWAII

A BILL FOR AN ACT

RELATING TO THE DOWNPAYMENT LOAN ASSISTANCE PROGRAM.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

����
SECTION
1.
�
Section 201H-161, Hawaii Revised
Statutes, is amended by amending subsection (a) to read as follows:

����
"(a)
�

The corporation may make downpayment loans, either directly or through a
nonprofit organization as defined in section 454F-1, to eligible borrowers who
qualify for loans under section 201H-162.
�

The downpayment loan to any one borrower shall not exceed fifteen per
cent of the purchase price or appraised value of the residential property or
$60,000, whichever is less.
�
[
In no
event shall the loan amount and purchase money mortgage amount exceed one
hundred per cent of combined loan-to-value.
]
�
The interest rate on the loans may range from
one per cent to eight per cent, depending on the buyer's income."

����
SECTION 2.
�

Section 201H-161, Hawaii Revised Statutes, is amended by amending
subsections (c) and (d) to read as follows:

����
"(c)
�

The principal of the downpayment loan, together with accrued interest,
shall be due and payable upon the sale, transfer, or refinancing of the
property, or shall be repaid by the borrower in installments as determined by
the corporation; provided that the corporation may provide a period in which
payments may be waived.
�
The
corporation may also forgive all or a portion of the accrued interest, subject
to terms and conditions it may establish.

�
The period over which the principal and
interest shall be paid need not coincide with the period over which the loan
from the mortgage lender for the balance of the purchase price must be
repaid.
�
The borrower may repay the whole
or any part of the unpaid balance of the downpayment loan, plus accrued
interest, at any time without penalty.

����
(d)
�

The corporation may secure the services of nonprofit organizations, as
defined in section 454F-1,
as well as financial institutions, mortgage
lenders, or other qualified loan originators,
to originate the downpayment
loans on behalf of the State for an origination fee not in excess of the
prevailing loan origination fee amount, as determined by the corporation."

����
SECTION 3.
�

Section 201H-162, Hawaii Revised Statutes, is amended by amending
subsection (a) to read as follows:

����
"(a)
�

No person shall be qualified for a downpayment loan unless the person:

����
(1)
�
Is
a citizen of the United States or a resident alien;

����
(2)
�
Is
at least eighteen years of age;

����
(3)
�
Is
a bona fide resident of the State;

����
(4)
�
Will
physically reside in the residential property to be purchased for the term of
the loan;

����
(5)
�
Is
accepted by a mortgage lender as a person to whom it is willing to lend money
for the purchase of the residential property provided the required downpayment
is made;

����
(6)
�
Provides
a portion of the downpayment which shall be equal to [
at least five
]
three

per cent of the sales price[
; and
]
, which may include any downpayment
loan assistance made available by the corporation under this chapter; and

����
(7)
�
Has
successfully completed a homeownership counseling program provided by a housing
counseling agency approved by the United States Department of Housing and Urban
Development."

����
SECTION 4.
�

Statutory material to be repealed is bracketed and stricken.
�
New statutory material is underscored.

����
SECTION 5.
�

This Act shall take effect upon its approval.

INTRODUCED BY:

_____________________________

BY
REQUEST

Report Title:

HHFDC; Downpayment Loan Assistance Program

Description:

Amends the
Downpayment Loan Program, administered by the Hawaii Housing Finance and
Development Corporation, to align with federal requirements and enhance
assistance for low- and moderate-income first-time homebuyers.

The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.