HI HB870 | 2017 | Regular Session

Note: Carry Foward to future HB870

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 25 2017 - 25% progression, died in committee
Action: 2017-02-16 - Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) DeCoite, Holt, Souki excused (3).
Pending: House Finance Committee
Text: Latest bill text (Amended) [HTML]

Summary

Clarifies that a co-mortgagor assisting a qualified resident in securing a mortgage to purchase a dwelling unit from the Hawaii housing finance and development corporation may be a family member, which also includes extended or hanai family members. Requires a qualified resident who is assisted by a co-mortgager to have an income of at least fifty per cent of the amount required to qualify for a loan to purchase the dwelling unit. (HB870 HD1)

Tracking Information

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Title

Relating To Mortgages.

Sponsors


History

DateChamberAction
2017-02-16HousePassed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) DeCoite, Holt, Souki excused (3).
2017-02-16HouseReported from WAL (Stand. Com. Rep. No. 463) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2017-02-08HouseThe committees on WAL recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) Yamane, Kong, Cullen, Evans, Ichiyama, Lowen, Say, Fukumoto; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) C. Lee.
2017-02-03HouseBill scheduled to be heard by WAL on Wednesday, 02-08-17 9:00AM in House conference room 325.
2017-01-27HouseReferred to WAL, FIN, referral sheet 4
2017-01-25HousePass First Reading
2017-01-23HousePending introduction.

Same As/Similar To

HB870 (Carry Over) 2017-02-16 - Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) DeCoite, Holt, Souki excused (3).
SB584 (Same As) 2017-07-12 - Act 166, on 07/11/2017 (Gov. Msg. No. 1280).

Subjects


Hawaii State Sources


Bill Comments

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