summary
Introduced
01/28/2026
01/28/2026
In Committee
01/30/2026
01/30/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Clarifies the Rental Housing Revolving Fund statute by defining "mixed-income rental projects" to establish consistent eligibility and use of appropriations for mixed-income rental housing projects. Clarifies that mixed-income rental projects are primarily for households at or below one-hundred-forty per cent of the area median income, allowing participation by higher-income households. Authorizes the Hawaii Housing Finance and Development Corporation to transfer funds between the Rental Housing Revolving Fund into the mixed-income subaccount to support eligible mixed-income projects, without legislative approval. Repeals the sunset date in Act 159, Session Laws of Hawaii 2025, thereby making these provisions permanent. Requires a report to the Legislature.
AI Summary
This bill clarifies the definition of "mixed-income rental projects" to include developments primarily for households at or below 140% of the area median income, while still allowing higher-income households to participate, and makes these provisions permanent by repealing a sunset date. It also grants the Hawaii Housing Finance and Development Corporation (HHFDC) the authority to transfer funds between the Rental Housing Revolving Fund and its mixed-income subaccount without needing legislative approval, and requires the HHFDC to report to the Legislature on projects funded through this mechanism.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Referred to HOU, WAM. (on 01/30/2026)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=3080&year=2026 |
| BillText | https://www.capitol.hawaii.gov/sessions/session2026/bills/SB3080_.HTM |
Loading...