HawaiiHB 17272025–2026 Regular Session (Year 2)House

RELATING TO THE RENTAL HOUSING REVOLVING FUND.

Sponsored By: Luke A. Evslin (Democratic)

Passed

Summary

Authorizes the Rental Housing Revolving Fund (RURF) to be used to provide any and all forms of financing for the development, pre-development, construction, acquisition, preservation, and substantial rehabilitation of rental housing units. Requires the Hawaii Housing Finance and Development Corporation (HHFDC) to give preference to certain projects with perpetual affordability commitments and to applicants with a demonstrated history of early repayment to the RHRF. Authorizes HHFDC, with the approval of the Director of Finance, to transfer moneys between the RHRF and its subaccounts without further legislative authorization. Requires certain RHRF loans applied for or awarded after 12/31/2026 to be subject to review and renegotiation when any mortgage debt to which the loan is subordinate is refinanced or retired. Authorizes HHFDC to use reserved but unencumbered funds for short‑term projects with certain conditions. Authorizes HHFDC to secure lines of credit, standby bond purchase agreements, or other credit enhancement facilities to provide liquidity for the RHRF in certain circumstances. Authorizes the Director of Finance to transfer moneys from the RHRF to its Mixed-Income Subaccount for FY 2026‑2027. Appropriates funds. Effective 7/1/2050. (SD1)

HHFDCDepartment of Budget and FinanceRHRFMixed-Income SubaccountReserved FundsAppropriationsHOU, WAM

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Luke A. Evslin

    Democratic • House

Cosponsors

  • Terez Amato

    Democratic • House

  • Della Au Belatti

    Democratic • House

  • Greggor Ilagan

    Democratic • House

  • Sue L. Keohokapu-Lee Loy

    Democratic • House

  • Darius K. Kila

    Democratic • House

  • Matthias Kusch

    Democratic • House

  • Mike Lee

    Democratic • House

  • Terez Amato

    Democratic • House

  • Lisa Marten

    Democratic • House

  • Tyson K. Miyake

    Democratic • House

  • Dee Morikawa

    Democratic • House

  • Julie Reyes Oda

    Republican • House

  • Garner M. Shimizu

    Republican • House

  • Kanani Souza

    Republican • House

  • David A. Tarnas

    Democratic • House

  • Justin H. Woodson

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 105 • No: 0

Senate vote 3/17/2026

The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENT...

Yes: 4 • No: 0

House vote 3/5/2026

House Floor Vote

Yes: 50 • No: 0

House vote 2/19/2026

Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN...

Yes: 51 • No: 0

Actions Timeline

  1. Reported from HOU (Stand. Com. Rep. No. 3206) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

    3/30/2026Senate
  2. Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

    3/30/2026Senate
  3. The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in HOU were as follows: 4 Aye(s): Senator(s) Chang, Hashimoto, Elefante, Rhoads; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.

    3/17/2026Senate
  4. The committee(s) on HOU has scheduled a public hearing on 03-17-26 1:05PM; Conference Room 225 & Videoconference.

    3/12/2026Senate
  5. Referred to HOU, WAM.

    3/10/2026Senate
  6. Received from House (Hse. Com. No. 43).

    3/6/2026Senate
  7. Passed First Reading.

    3/6/2026Senate
  8. Reported from FIN (Stand. Com. Rep. No. 861-26), recommending passage on Third Reading.

    3/5/2026House
  9. Passed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Perruso excused (1). Transmitted to Senate.

    3/5/2026House
  10. The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 15 Ayes: Representative(s) Todd, Takenouchi, Hartsfield, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lee, M., Miyake, Morikawa, Perruso, Templo, Yamashita, Gedeon, Reyes Oda; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Alcos.

    3/2/2026House
  11. The committee(s) on FIN recommend(s) that the measure be deferred until 03-02-26.

    2/27/2026House
  12. Bill scheduled for decision making on Monday, 03-02-26 10:00AM in conference room 308 VIA VIDEOCONFERENCE.

    2/27/2026House
  13. Bill scheduled to be heard by FIN on Friday, 02-27-26 2:00PM in House conference room 308 VIA VIDEOCONFERENCE.

    2/24/2026House
  14. Reported from HSG (Stand. Com. Rep. No. 574-26) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

    2/19/2026House
  15. 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).

    2/19/2026House
  16. The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 9 Ayes: Representative(s) Evslin, Miyake, Cochran, Grandinetti, Kila, Kitagawa, La Chica, Muraoka, Pierick; Ayes with reservations: none; Noes: none; and Excused: none.

    2/11/2026House
  17. Bill scheduled to be heard by HSG on Wednesday, 02-11-26 9:00AM in House conference room 430 VIA VIDEOCONFERENCE.

    2/6/2026House
  18. Referred to HSG, FIN, referral sheet 1

    1/26/2026House
  19. Introduced and Pass First Reading.

    1/21/2026House
  20. Prefiled.

    1/20/2026House

Bill Text

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