summary
Introduced
01/21/2026
01/21/2026
In Committee
01/26/2026
01/26/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Replaces the five-year period during which the sales price of a rent-to-own dwelling unit shall remain fixed with an option period established by the Hawaii Housing Finance and Development Corporation. Effective 7/1/2050.
AI Summary
This bill amends existing law regarding rent-to-own dwelling units by changing the timeframe during which the sales price remains fixed. Previously, the sales price was fixed for the first five years after a rental agreement was signed. This bill replaces that fixed five-year period with an "option period" that will be determined by the Hawaii Housing Finance and Development Corporation, a state agency responsible for affordable housing initiatives. During this option period, the renter has the right to buy the unit at the set price. If the renter does not purchase the unit within this newly defined option period, they will lose their right to live there, and the unit will be offered to someone else.
Committee Categories
Housing and Urban Affairs
Sponsors (5)
Stanley Chang (D)*,
Kurt Fevella (R)*,
Troy Hashimoto (D)*,
Sharon Moriwaki (D)*,
Joy San Buenaventura (D)*,
Last Action
The committee on CPN deferred the measure. (on 02/03/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=2197&year=2026 |
| SB2197_TESTIMONY_CPN-HOU_02-03-26_ | https://www.capitol.hawaii.gov/sessions/session2026/Testimony/SB2197_TESTIMONY_CPN-HOU_02-03-26_.PDF |
| BillText | https://www.capitol.hawaii.gov/sessions/session2026/bills/SB2197_.HTM |
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