RELATING TO HOUSING.
HB 1306 creates the Kupuna Home Equity Conversion Mortgage Program through Hawaii's Housing Finance and Development Corporation. It directly affects Hawaii seniors aged 62 and older who own homes by allowing them to convert home equity into mortgage payments without selling their property. The program provides a state-administered option for eligible homeowners to access funds tied to their home equity while retaining ownership. This establishes a new policy mechanism under state housing finance authority, distinct from federal programs.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 22, 2025
Last action Jan 27, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
Jan 27, 2025
Committee
Referred to HSG, CPC, FIN, referral sheet 4
lower
Jan 23, 2025
Introduced
Introduced and Pass First Reading.
lower
Jan 22, 2025
Introduced
Pending introduction.
lower
9 primary · 0 co-sponsors
Sponsors
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