HI HB2315

Establishes a three-year pilot program allowing Department of Health employees to cash out accrued vacation leave (between $5,000 and $50,000) to fund down payments on a primary residence in Hawaii without separating from employment.

Eligible employees must be U.S. citizens, Hawaii residents, at least 18 years old, first-time homebuyers (no home ownership in past three years), and permanent DOH employees in good standing for at least one year.

Funds are paid directly to the escrow, title company, or lender at closing rather than as a lump sum to the employee, subject to required tax withholdings.

Participants must occupy the purchased property as their primary residence within 90 days of recording and intend to maintain occupancy for at least three years.

Program sunsets June 30, 2029, with DOH required to submit annual reports to the legislature beginning in 2027, including a 2028 recommendation on whether to extend the program.