REQUESTING THE CHAIRPERSON OF THE BOARD OF DIRECTORS OF THE HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION TO ESTABLISH A TASK FORCE TO STUDY THE FEASIBILITY OF AN EQUITY CONVERSION MORTGAGE PROGRAM FOR KUPUNA HOMEOWNERS.

HR 82 is a House Resolution requesting Hawaii's Housing Finance and Development Corporation to establish a task force to study creating a state equity conversion mortgage program for kupuna (elderly Hawaiian residents) who own homes. The task force would examine the feasibility of such a program - similar to federal reverse mortgages - allowing kupuna to access home equity without selling their homes or taking on new monthly loan payments. It would specifically review details from related legislation (HB 1306), including eligibility, consumer protections, and transition processes if home equity is exhausted. The resolution directs the task force to report findings and recommendations to the Legislature by early 2026. This is a study request, not a new program.