summary
Introduced
01/21/2026
01/21/2026
In Committee
02/19/2026
02/19/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Specifies the conditions upon which the Hawaii Housing Finance and Development Corporation may transfer moneys from within the Rental Housing Revolving Fund to a subaccount and between subaccounts of the fund. Clarifies what constitutes a mixed-income rental project for purposes of loans funded through the Mixed-Income Subaccount. Repeals the sunset date for the Mixed-Income Subaccount. Authorizes the Director of Finance to deposit rental housing revolving funds into, and appropriates funds into and out of, the Mixed-Income Subaccount. Effective 7/1/3000. (HD1)
AI Summary
This bill modifies the Rental Housing Revolving Fund, a fund used to finance rental housing projects in Hawaii, by allowing the Hawaii Housing Finance and Development Corporation (HHFDC) to transfer money between the main fund and its subaccounts, including the Mixed-Income Subaccount, with the approval of the Director of Finance, and also permits returning unspent funds from subaccounts back to the main fund. It clarifies that a "mixed-income rental project" can serve households across a range of income levels, not just those at or below a specific percentage of the area median income, and importantly, it removes the sunset date for the Mixed-Income Subaccount, meaning it will continue to exist indefinitely. The bill also authorizes the Director of Finance to deposit up to $100,000,000 into the Mixed-Income Subaccount for the 2026-2027 fiscal year and appropriates funds for both depositing into and expending from this subaccount for its intended purposes, all of which will take effect on July 1, 3000.
Committee Categories
Budget and Finance, Housing and Urban Affairs
Sponsors (16)
Terez Amato (D)*,
Della Belatti (D)*,
Luke Evslin (D)*,
Greggor Ilagan (D)*,
Susan Keohokapu-Lee Loy (D)*,
Darius Kila (D)*,
Matthias Kusch (D)*,
Michael Lee (D)*,
Lisa Marten (D)*,
Tyson Miyake (D)*,
Dee Morikawa (D)*,
Julie Reyes Oda (R)*,
Garner Shimizu (R)*,
Kanani Souza (R)*,
David Tarnas (D)*,
Justin Woodson (D)*,
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and none excused (0). (on 02/19/2026)
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=HB&billnumber=1727&year=2026 |
| BillText | https://www.capitol.hawaii.gov/sessions/session2026/bills/HB1727_HD1_.HTM |
| Committee Report HB1727_HD1_HSCR574-26_ | https://www.capitol.hawaii.gov/sessions/session2026/CommReports/HB1727_HD1_HSCR574-26_.pdf |
| HB1727_TESTIMONY_HSG_02-11-26_ | https://www.capitol.hawaii.gov/sessions/session2026/Testimony/HB1727_TESTIMONY_HSG_02-11-26_.PDF |
| BillText | https://www.capitol.hawaii.gov/sessions/session2026/bills/HB1727_.HTM |
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