Bill > SB165

This bill updates the definition of a "qualified nonprofit housing trust" in Hawaii state law by adding a fourth requirement that such an organization must exclusively serve "qualified residents" as defined in section 201H-32 of Hawaii Revised Statutes. Specifically, the bill modifies the existing definition to now require that a qualified nonprofit housing trust: (1) be registered and in good standing with the State, (2) be recognized by the Internal Revenue Service as a tax-exempt charitable organization under section 501(c)(3), (3) have the capacity, resources, and mission to carry out the purposes of the housing chapter, and (4) exclusively serve qualified residents. The bill aims to provide more precise criteria for nonprofit housing trusts, ensuring they are focused on serving specific resident populations as defined by state law. The changes will take effect immediately upon the bill's approval.

Budget and Finance, Housing and Urban Affairs

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=165&year=2026