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HI HB1711

Bill

Official Source

Status

Engrossed

3/5/2026

Primary Sponsor

Tyson Miyake

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Amends Hawaii Housing Finance and Development Corporation's Rent-to-Own Program by changing the fixed sales price period from a statutory five years to a flexible "option period" determined by the Corporation
  • Participants who do not purchase their unit within the Corporation-established option period forfeit their right to continue living in the unit
  • Units forfeited by renters who do not exercise their purchase option will be made available to other potential purchasers or renters
  • Effective date set for July 1, 3000 (placeholder date indicating further legislative action needed)

Legislative Description

Relating To Housing.

Housing

Last Action

The committee(s) on HOU has scheduled a public hearing on 03-17-26 1:05PM; Conference Room 225 & Videoconference.

3/12/2026

Committee Referrals

Housing3/10/2026
Finance2/19/2026
Housing1/26/2026

Full Bill Text

No bill text available