Bill > HB2261

This bill clarifies the purpose and administration of the Rental Housing Revolving Fund, a fund managed by the Hawaii Housing Finance and Development Corporation (HHFDC) to support rental housing projects. It defines "mixed-income rental projects" as developments primarily serving households at or below 140% of the area median income, though higher-income households can also participate. The bill grants the HHFDC the authority to transfer funds between the main Rental Housing Revolving Fund and a dedicated "mixed-income subaccount" without needing separate legislative approval, as long as the transfers are for purposes consistent with the chapter. Additionally, it makes permanent certain provisions related to these mixed-income projects by repealing a sunset date from a previous law, ensuring these changes are not temporary. The bill also requires the HHFDC to submit an annual report to the Legislature detailing projects funded through the mixed-income subaccount.

Housing and Urban Affairs

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=2261&year=2026