HI SB1632

Requires the "Yes In My Back Yard" (YIMBY) working group under the Department of Business, Economic Development, and Tourism to submit a comprehensive action plan to establish a local housing market in Hawaii no later than 20 days before the 2026 legislative session

The plan would bifurcate Hawaii's housing market into two segments: one for state residents and one for national/international buyers, using community land trust principles to preserve homes for Hawaii residents in perpetuity

Action plan must include definitions and development plans for various land trust types including condominium, transit-oriented development, master-planned community, rent-to-own, family inheritance, agricultural, and manufactured housing land trusts

Plan must address incentives such as land use exemptions, increased density and height limits, tax credits, state-backed loan guarantees, and analyze constitutional/legal issues regarding restricting sales to qualified state residents

Appropriates unspecified general fund amounts for fiscal years 2025-2026 and 2026-2027, with an effective date of July 1, 2050