Loading chat...
HI SB2194
Bill
Status
Introduced
1/21/2026
Primary Sponsor
Stanley Chang
Click for details
AI Summary
- Approximately 15,000 affordable housing units in Hawaii have affordability restrictions expiring by 2100, creating risk of losing affordable housing stock
- Restricts eligibility for rental housing revolving fund moneys to organizations required to reinvest all financial surplus (excluding fees) into developing additional housing in Hawaii, or to government agencies
- References the 2006 Kukui Gardens case where the State paid $132,500,000 to preserve affordability after restrictions expired, with sale proceeds going to unrelated charitable purposes
- Amends Section 201H-203, Hawaii Revised Statutes, to ensure taxpayer-financed housing value is recycled to build more housing
- Effective date of July 1, 2050
Legislative Description
Relating To Housing.
Hawaii Housing Finance and Development Corporation
Last Action
Report adopted; Passed Second Reading and referred to WAM.
2/13/2026
Committee Referrals
Ways and Means2/13/2026
Housing1/26/2026
Full Bill Text
No bill text available