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HI SB2063
Bill
Status
Introduced
1/21/2026
Primary Sponsor
Stanley Chang
Click for details
AI Summary
- Expands the Rental Housing Revolving Fund's permissible uses to include equity investments, credit enhancement, and collateral in addition to traditional loans for rental housing development
- Authorizes the Hawaii Housing Finance and Development Corporation to transfer money between the main fund and mixed-income subaccount without legislative approval
- Revises project priority criteria for the mixed-income subaccount, adding preferences for projects requiring the least state funding per unit, shortest loan repayment terms, revenue-neutral pricing, and perpetual affordability commitments
- Allows conveyance tax revenues deposited into the Rental Housing Revolving Fund (up to $38,000,000 annually) to be transferred to the mixed-income subaccount
- Contains appropriations for fiscal year 2026-2027 (amounts unspecified) with a sunset date of June 30, 2030, when amendments would be repealed
Legislative Description
Relating To The Rental Housing Revolving Fund.
Appropriations ($)
Last Action
The committee on HOU deferred the measure.
2/3/2026
Committee Referrals
Housing1/22/2026
Full Bill Text
No bill text available