Hawaii HB1089 amends the Hawaiian Homes Commission Act to increase the loan limit for Hawaiian home lands.
Hawaii HB1089 amends the Hawaiian Homes Commission Act to increase the loan limit for direct loans provided by the Department of Hawaiian Home Lands. The bill raises the loan limit to 75% of the maximum single residence loan amount allowed by the Federal Housing Administration, up from 50%. This change is contingent upon approval from the United States Congress. The bill also specifies that the amendments should not be repealed if Act 130, Session Laws of Hawaii 2024, is confirmed.
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