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Bill

SB 3089

RELATING TO THE DOWNPAYMENT LOAN ASSISTANCE PROGRAM.

2026 Regular Session Introduced by Ron Kouchi

SB 3089 modifies Hawaii's down payment assistance program to expand homeownership access for residents facing the state's high housing costs.

The committee(s) on HOU has scheduled a public hearing on 02-10-26 1:00PM; Conference Room 225 & Videoconference.
#downpaymentloanassistanceprogram #hhfdc
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WeVote Research Nonpartisan
Bill Summary · SB 3089

Legislative bill overview

SB 3089 relates to Hawaii's Down Payment Loan Assistance Program, though the specific provisions are not detailed in the available information. Based on the bill's focus, it likely modifies, expands, or restructures existing assistance mechanisms to help homebuyers afford down payments on residential properties. The bill is currently in early legislative stages with a public hearing scheduled for February 10, 2026.

Why is this important

Hawaii faces one of the nation's highest housing costs relative to median incomes, making homeownership inaccessible for many residents. Down payment assistance programs are critical policy tools that can expand homeownership opportunities, particularly for first-time buyers and lower-income households. Changes to this program could affect housing affordability outcomes and the state's ability to retain residents and build community stability.

Potential points of contention

  • Program eligibility and scope – Questions about who qualifies, income thresholds, and whether assistance expands to underserved communities or remains limited
  • Funding mechanisms – Uncertainty about whether the program requires new appropriations, reallocation of existing funds, or creates new revenue sources
  • Loan structure and repayment terms – Debate over whether assistance should be grants, forgivable loans, or traditional loans, and how repayment obligations affect borrower burden

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

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