Loading chat...
HI SB2071
Bill
Status
Introduced
1/21/2026
Primary Sponsor
Stanley Chang
Click for details
AI Summary
- Expands the Hawaii Housing Finance and Development Corporation's rent-to-own program to include both fee simple units and leasehold units on non-ceded state or county land with leases of at least 99 years
- Replaces the fixed five-year option period during which sales prices remain locked with a flexible option period to be determined by the corporation
- Participants who do not purchase their unit within the option period forfeit their right to continue living in the unit
- A portion of rent paid by program participants continues to be credited toward the eventual purchase of the dwelling unit
- Effective date of July 1, 2050
Legislative Description
Relating To Housing.
Housing
Last Action
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2/17/2026
Committee Referrals
Ways and Means2/17/2026
Housing1/22/2026
Full Bill Text
No bill text available