Informing the Legislature that on July 8, 2026, the Governor signed the following bill into law: HB2270 HD1 SD1 CD1 (ACT 214).

This bill, signed into law as Act 214, amends Hawaii statutes to update the rules for the state's downpayment loan assistance program. It directly affects eligible homebuyers by defining how they can receive financial help for purchasing residential property. The key provisions allow the state corporation to provide loans covering up to 15% of a home's price or $60,000, whichever is less, with interest rates set based on federal requirements and market conditions. To qualify, borrowers must be U.S. citizens or resident aliens, live in Hawaii, complete a homeownership counseling program, and contribute at least 3% of the purchase price themselves. The bill also specifies that these loans must be used strictly for downpayments and closing costs, and the property cannot be sold without the lender's approval.