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HI HB2261

Bill

Official Source

Status

Introduced

1/28/2026

Primary Sponsor

Nadine Nakamura

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Defines "mixed-income rental project" as rental housing primarily serving households with incomes at or below 140% of area median income
  • Creates a mixed-income subaccount within the Rental Housing Revolving Fund to finance mixed-income rental developments through loans, equity investments, and credit enhancement
  • Authorizes the Director of Finance to transfer up to $100,000,000 from the Rental Housing Revolving Fund to the mixed-income subaccount for fiscal year 2026-2027
  • Allows the Hawaii Housing Finance and Development Corporation to transfer funds between the main fund and subaccounts without legislative approval, with director of finance approval
  • Removes the June 30, 2030 sunset date from Act 159 (Session Laws of Hawaii 2025), making the mixed-income housing provisions permanent

Legislative Description

Relating To The Rental Housing Revolving Fund.

Rental Housing Revolving Fund

Last Action

Referred to HSG, FIN, referral sheet 5

1/30/2026

Committee Referrals

Housing1/30/2026

Full Bill Text

No bill text available