HHFDC asks to make DERF equity pilot permanent, cites committed units and funds
HHFDC told the Senate Committee on Housing it supports making the DERF equity pilot permanent, saying 83 units have been committed and $7.6 million of a $10 million program cap has been allocated; committee will fold DERF changes into SB 2069 for action.
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Senate Bill 2062 would establish the Dwelling Unit Revolving Fund (DERF) equity program as a permanent program administered by the Hawaii Housing Finance and Development Corporation and authorize HHFDC to invest equity in for‑sale developments to lower initial purchase prices for qualified residents.
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