Bill > SB70

This bill modifies the eligibility criteria for applicants seeking funds from the Rental Housing Revolving Fund in Hawaii by narrowing the pool of potential recipients. Specifically, the bill limits eligible applicants to two types of entities: (1) organizations that are legally required to reinvest all of their financial surplus (excluding fees) into developing additional housing within the state, and (2) government agencies. The bill removes previous language that allowed nonprofit and for-profit organizations, limited liability companies, and partnerships to automatically qualify for funding. The changes aim to ensure that funds are directed to entities most committed to expanding housing opportunities in Hawaii. The modifications will be implemented through an amendment to Section 201H-203 of the Hawaii Revised Statutes, and the bill will take effect immediately upon receiving approval.

Budget and Finance, Housing and Urban Affairs

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=70&year=2026