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GM 1174

Informing the Legislature that on May 19, 2025, the Governor signed the following bill into law: HB871 HD1 SD1 (ACT 074).

2025 Regular Session

Act 074 boosts loan limits for Native Hawaiians from 50% to 75% of the maximum FHA loan amount, enhancing housing access through the Department of Hawaiian Home Lands.

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Bill Summary · GM 1174

Summary of GM 1174: Informing the Legislature of Act 074

Bill Information:
- Bill Number: GM 1174
- Title: Informing the Legislature that on May 19, 2025, the Governor signed the following bill into law: HB871 HD1 SD1 (ACT 074).
- Status: Received
- Introduced: May 19, 2025
- Classification: Proclamation
- Subject: Act 074

Purpose and Intent

GM 1174 serves as a formal notification to the Hawaii State Legislature that the Governor, Josh Green, M.D., has signed House Bill 871 (HB 871) into law, which is designated as Act 074. The primary purpose of Act 074 is to amend provisions related to the Hawaiian Homes Commission Act, specifically concerning loan limits for direct loans provided by the Department of Hawaiian Home Lands.

Key Provisions

  1. Loan Limit Increase:

    • Act 074 increases the maximum allowable loan amount for direct loans under the Hawaiian Homes Commission Act from 50% to 75% of the maximum single residence loan amount as defined by the U.S. Department of Housing and Urban Development's Federal Housing Administration.

  2. Effective Date:

    • The Act will take effect on the earlier of:
      • The date of the Secretary of the Interior's notification letter to Congressional Committee Chairpersons indicating that Act 130 meets none of the criteria in Title 43 Code of Federal Regulations section 48.20.
      • The date that United States Congress approval becomes law.

  3. Amendments to Existing Law:

    • The Act amends Section 4 of Act 130, Session Laws of Hawaii 2024, ensuring that the increased loan limits remain in effect even when other related acts (Act 107 from 2000 and Act 85 from 2008) take effect with Congressional consent.

Impact

  • Beneficiaries:

    • The changes introduced by Act 074 primarily benefit Native Hawaiians seeking housing assistance through the Department of Hawaiian Home Lands, as they will have access to higher loan amounts for purchasing homes.

  • Legislative Context:

    • This bill is part of ongoing efforts to enhance housing opportunities for Native Hawaiians and reflects the state's commitment to addressing housing needs within this community.

Procedural Aspects

  • Legislative Journey:

    • Act 074 was passed by the House of Representatives on April 21, 2025, and by the Senate on April 8, 2025, before being signed into law by the Governor on May 19, 2025.

  • Formal Notification:

    • GM 1174 serves as the official communication to the legislature regarding the signing of Act 074, ensuring transparency and adherence to legislative protocols.

In summary, GM 1174 is a proclamation that confirms the enactment of Act 074, which significantly alters loan provisions under the Hawaiian Homes Commission Act, aiming to improve housing access for Native Hawaiians.

Compiled from official sources — confirm details with the bill’s official record.

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