Increases the loan limit for direct loans provided by the Department of Hawaiian Home Lands.
This bill amends the Hawaiian Homes Commission Act to increase the loan limit for direct loans provided by the Department of Hawaiian Home Lands to 75% of the maximum single residence loan amount allowed in Hawaii by the United States Department of Housing and Urban Development's Federal Housing Administration, up from the current 50%. The change aims to better align the loan limits with those set by the Federal Housing Administration.
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