HB 1724: HHFDC; DWELLING UNIT REVOLVING FUND EQUITY PROGRAM; COMPUTATION OF INTEREST; DWELLING UNIT REVOLVING FUND
- Session Year: 2025-2026
- House: House
Current Status:
In Progress
(2026-01-26: Referred to HSG, FIN, referral sheet 1)
Introduced
First Committee Review
First Chamber
Second Committee Review
Second Chamber
Final Decking
Enacted
Version:
Makes the Dwelling Unit Revolving Fund Equity Pilot Program permanent, with modifications that include changing the computation of interest that a purchaser of certain real property is required to pay to the Hawaii Housing Finance Development Corporation upon the purchaser's sale or assignment of the real property after a specified period of time. Expands the use of proceeds in the Dwelling Unit Revolving Fund to include purchasing equity in for-sale housing development projects and interim primary or secondary financing.