RELATING TO HOUSING.
SB 843 establishes the Kupuna Home Equity Conversion Mortgage Program through Hawaii's Housing Finance and Development Corporation. The program allows Hawaii seniors (referred to as "kupuna," meaning elders) who own homes to convert their home equity into income without selling their property. Key provisions include creating a state-administered mortgage option specifically for older homeowners seeking financial support. This bill directly affects eligible Hawaii seniors with home equity, providing a new tool to access funds while remaining in their homes.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 17, 2025
Last action Dec 8, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
0
Committee
1
Jan 23, 2025
Committee
Referred to HOU, CPN/WAM.
upper
Jan 17, 2025
Introduced
Introduced.
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Stanley Chang
DDemocratic
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