Establishes a down payment assistance program for current and returning Hawaii residents to help with home affordability.

The bill establishes the current and returning resident down payment program to assist qualifying individuals with down payments for the purchase of a primary residence in Hawaii. The program aims to address the high cost of living and encourage former Hawaii residents to return. It awards grants of up to $50,000 or 10% of the home's value, whichever is less. To be eligible, applicants must have a high school diploma from a Hawaii school, be a current or former resident, and use the award for a down payment on a single-family residence.

Establishes a down payment assistance program for current and returning Hawaii residents to help with home affordability.

The bill establishes the current and returning resident down payment program to assist qualifying individuals with down payments for the purchase of a primary residence in Hawaii. The program aims to address the high cost of living and encourage former Hawaii residents to return. It awards grants of up to $50,000 or 10% of the home's value, whichever is less. To be eligible, applicants must have a high school diploma from a Hawaii school, be a current or former resident, and use the award for a down payment on a single-family residence.