CONFERENCE COMMITTEE REP. NO. 102-26

Honolulu, Hawaii

, 2026

RE: H.B. No. 2270

H.D. 1

S.D. 1

C.D. 1

Honorable Nadine K. Nakamura

Speaker, House of Representatives

Thirty-Third State Legislature

Regular Session of 2026

State of Hawaii

Honorable Ronald D. Kouchi

President of the Senate

Thirty-Third State Legislature

Regular Session of 2026

State of Hawaii

Madam and Sir:

Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 2270, H.D. 1, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE DOWNPAYMENT LOAN ASSISTANCE PROGRAM,"

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

The purpose of this measure is to amend the Downpayment Loan Assistance Program by:

(1) Removing the prohibition on combined loan-to-value ratios;

(2) Clarifying the Hawaii Housing Finance and Development Corporation's authority to establish interest rates and to allow payment waivers and interest forgiveness;

(3) Authorizing financial institutions, mortgage lenders, and other qualified loan originators to originate downpayment loans on behalf of the State, in certain circumstances;

(4) Reducing the borrower's required personal contribution toward the downpayment; and

(5) Authorizing borrowers to use a portion of a downpayment loan to pay for closing costs, prepaids, and reserves for the purchase of the residential property for which a downpayment loan is provided.

Your Committee on Conference has amended this measure by:

(1) Changing the effective date to upon approval; and

(2) Making technical, nonsubstantive amendments for the purposes of clarity, consistency, and style.

As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of H.B. No. 2270, H.D. 1, S.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 2270, H.D. 1, S.D. 1, C.D. 1.

Respectfully submitted on behalf of the managers:

ON THE PART OF THE SENATE

ON THE PART OF THE HOUSE

____________________________ STANLEY CHANG Chair	____________________________ LUKE A. EVSLIN Co-Chair
____________________________ TROY N. HASHIMOTO Co-Chair	____________________________ TYSON K. MIYAKE Co-Chair