Bill > HB418

This bill establishes a working group to review and improve Hawaii's housing policy, specifically focusing on revising the State's Qualified Allocation Plan (QAP) for low-income housing tax credits and the Rental Housing Revolving Fund (RHRF). The working group will include key representatives from the Hawaii Housing Finance and Development Corporation, Hawaii Public Housing Authority, legislative housing committee chairs, and relevant stakeholders. Their primary objectives are to more effectively allocate federal and state low-income housing tax credits to projects that best meet the state's housing needs and to refine the prioritization and loan terms for supporting low-income and mixed-income rental housing projects. The group is required to submit a comprehensive report with findings and recommendations, including potential legislation, to the legislature no later than twenty days before the 2026 regular session. Members will serve without compensation but will be reimbursed for necessary expenses, and they will not be subject to conflict of interest regulations solely due to their participation. The working group will be dissolved on June 30, 2026, and the bill will take effect upon approval.

Housing and Urban Affairs

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=418&year=2026