HI HB2260

Establishes a permanent Dwelling Unit Revolving Fund Equity Program administered by the Hawaii Housing Finance and Development Corporation (HHFDC) to help Hawaii residents purchase for-sale housing units by having the corporation purchase equity in housing development projects.

Eligible buyers must be qualified residents as defined in existing law, and the corporation's equity contribution reduces the buyer's purchase price for specific units within housing developments.

Buyers who sell their unit within 30 years must repay the corporation's purchased equity plus the corporation's share of any appreciation; repayment is also triggered by refinancing, obtaining additional financing, title transfer, or renting the unit.

Amends the Dwelling Unit Revolving Fund statute to explicitly authorize purchasing equity in for-sale housing projects and providing interim primary or secondary financing.

Repeals the pilot program provisions and June 30, 2028 sunset date from Act 92, Session Laws of Hawaii 2023, making the equity program permanent.