Increases the limit of the State's liability for loans guaranteed by the Department of Hawaiian Home Lands.

The bill amends the Hawaiian Homes Commission Act to increase the limit of the State's liability for loans guaranteed by the Department of Hawaiian Home Lands from $100,000,000 to $500,000,000. This change responds to rising mortgage interest rates and construction costs, which have made it difficult for lessees to qualify for mortgages or afford home prices and contractor costs. The increased liability limit aims to support lessees in obtaining necessary loans and mortgages.

Increases the limit of the State's liability for loans guaranteed by the Department of Hawaiian Home Lands.

The bill amends the Hawaiian Homes Commission Act to increase the limit of the State's liability for loans guaranteed by the Department of Hawaiian Home Lands from $100,000,000 to $500,000,000. This change responds to rising mortgage interest rates and construction costs, which have made it difficult for lessees to qualify for mortgages or afford home prices and contractor costs. The increased liability limit aims to support lessees in obtaining necessary loans and mortgages.