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Bill > HB1733


HI HB1733

HI HB1733
Relating To The Housing Loan And Mortgage Program.


summary

Introduced
01/21/2026
In Committee
03/06/2026
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

Increases the Hula Mae Multifamily Revenue Bond authorization ceiling amount to continue financing affordable rental housing statewide. Clarifies that revenue bonds treated as refunding bonds do not count against the authorized aggregate principal amount of the bond. Effective 7/1/3000. (HD2)

AI Summary

This bill aims to address Hawaii's affordable housing crisis by increasing the Hula Mae multifamily revenue bond authorization, which is a program used to finance affordable rental housing across the state. Specifically, it proposes to raise the total amount of revenue bonds that can be issued, though the exact new dollar amount is left blank in the provided text. A key provision clarifies that revenue bonds used for refunding purposes, meaning those that replace existing debt, will not count towards this overall authorized limit, ensuring that more funds can be directed towards creating new affordable housing projects. This legislation is set to take effect on July 1, 3000.

Committee Categories

Budget and Finance, Housing and Urban Affairs

Sponsors (25)

Last Action

Forty-eight (48) hours notice Tuesday, 03-10-26. (on 03/06/2026)

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