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HI HB1723
Bill
Status
1/21/2026
Primary Sponsor
Luke Evslin
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AI Summary
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Authorizes the Hawaii Housing Finance and Development Corporation (HHFDC) to transfer moneys between the Rental Housing Revolving Fund and its subaccounts without further legislative authorization, with approval from the director of finance.
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Expands permissible uses of the Rental Housing Revolving Fund beyond loans to include equity investments, credit enhancement, and collateral for rental housing development, construction, acquisition, preservation, and rehabilitation.
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Adds new funding priority criteria for the mixed-income subaccount, including preference for projects with perpetual affordability commitments and units priced at minimum revenue-neutral levels.
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Appropriates unspecified amounts from general revenues into the mixed-income subaccount and from the subaccount for fiscal year 2026-2027, to be expended by HHFDC.
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Contains a sunset provision repealing the amendments on June 30, 2030, reverting to previous statutory language.
Legislative Description
Relating To The Rental Housing Revolving Fund.
Appropriation ($)
Last Action
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 none excused (0).
2/19/2026