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HI HB2308
Bill
Status
1/28/2026
Primary Sponsor
Nadine Nakamura
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AI Summary
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Increases the State's loan guarantee liability limit for the Department of Hawaiian Home Lands from $100,000,000 to $500,000,000
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Responds to market conditions including rising mortgage interest rates, increased construction costs from global inflation, and impacts from the 2023 Maui wildfires that have made homes unaffordable for Hawaiian home lands lessees
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Supports implementation of Act 279 (2022), which appropriated $600,000,000 to reduce the waitlist of over 28,000 applicants for Hawaiian home lands
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Allows the department to continue guaranteeing loans for lessees who cannot otherwise qualify for mortgages, since trust lands cannot serve as traditional collateral
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Requires federal approval from the U.S. Secretary of the Interior or Congress before the loan guarantee provisions take effect
Legislative Description
Relating To The Hawaiian Homes Commission Act, 1920, As Amended.
Loans
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and none excused (0).
2/18/2026