Informing the Legislature that on June 28, 2024, the Governor signed the following bill into law: HB2218 HD1 SD2 (ACT 130).

This bill amends the Hawaiian Homes Commission Act to increase the maximum loan limit for direct loans provided by the Department of Hawaiian Home Lands to lessees. Specifically, it raises the cap on funds available for repairing, maintaining, purchasing, or building dwellings from 50 percent to 75 percent of the maximum single-residence loan amount set by the Federal Housing Administration. The change directly affects Native Hawaiian lessees who seek financial assistance for housing improvements or new construction on their lands. By allowing borrowers to access a larger portion of available federal loan limits, the legislation aims to expand financing options for eligible homeowners and agricultural cooperatives.