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HI SB2197
Bill
Status
Introduced
1/21/2026
Primary Sponsor
Stanley Chang
Click for details
AI Summary
- Amends Section 201H-181 of Hawaii Revised Statutes governing the Hawaii Housing Finance and Development Corporation's (HHFDC) rent-to-own housing program
- Replaces the fixed five-year period during which the sales price of a rent-to-own dwelling unit must remain fixed with a flexible "option period" to be established by HHFDC
- Participants who do not purchase their unit within the new option period forfeit their right to continue living in the unit, which is then made available to another purchaser or renter
- Effective date is July 1, 2050
Legislative Description
Related To Housing.
HHFDC
Last Action
The committee on CPN deferred the measure.
2/3/2026
Committee Referrals
Housing1/26/2026
Full Bill Text
No bill text available