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Committee delays overhaul of city down-payment loan program amid funding questions
Summary
The Honolulu council committee postponed action on Bill 64, which would broaden eligibility for the city's down-payment loan program, after administration officials and council members discussed HUD limits, possible funding sources and rulemaking authority.
The Honolulu City Council Committee on Housing, Sustainability, Economy and Health on March 4 postponed action on Bill 64, a proposal to amend Revised Ordinances of Honolulu section 6-34.2 to expand eligibility for the city's down-payment loan program.
Committee members and city officials said they support the bill's intent to help lower-income households buy homes but disagree on funding sources and program details, prompting the chair to delay final action so staff can draft implementing rules and resolve budget questions.
The measure would give the Department of Community Services director rulemaking authority to design program details. Anton Kruky, director-designate of the Department of Community Services (DCS), told the committee that DCS is "in general support of this measure" but that the existing HUD-backed program has eligibility and loan limits that make it impractical in Honolulu's housing market. "The maximum price of the house…
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