HawaiiSB 20692025–2026 Regular Session (Year 2)SenateWALLET

RELATING TO THE DWELLING UNIT REVOLVING FUND.

Sponsored By: Stanley Chang (Democratic)

Signed by Governor

Summary

Makes the Dwelling Unit Revolving Fund Equity Pilot Program permanent, with modifications that include changing the method for computation of interest for purchasers of certain real property. Expands the use of proceeds in the Dwelling Unit Revolving Fund to include purchasing equity in for-sale housing development projects and interim primary or secondary financing. Exempts disbursements from the Affordable Housing Revolving Fund from appropriation and allotment requirements. Effective 7/1/3000. (HD1)

HHFDCDwelling Unit Revolving FundDwelling Unit Revolving Fund Equity Pilot ProgramHSG, FIN

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

More homebuyer help in transit areas

The law keeps Hawaii’s housing equity pilot open through June 30, 2031, instead of June 30, 2028. The state housing agency can spend up to $20 million, or less if that is all the program needs, in fiscal year 2026–2027. The pilot supports for-sale homes in transit areas: in counties with at least 500,000 people, projects must be in a transit-oriented development infrastructure improvement program area. In smaller counties, they must be in a county-designated transit area, along a major bus route, or within one-half mile of a county-defined bus stop. The agency’s equity must be assigned to specific units and reduce each eligible buyer’s price by that unit’s share. Requirements under Section 2(c) remain attached to covered deeds after June 30, 2031.

Sponsors & Cosponsors

Sponsor

  • Stanley Chang

    Democratic • Senate

Cosponsors

  • Kurt Fevella

    Republican • Senate

  • Michelle N. Kidani

    Democratic • Senate

  • Herbert M. "Tim" Richards III

    Democratic • Senate

  • SAN BUENAVENTURA

    Affiliation unavailable

Roll Call Votes

All Roll Calls

Yes: 241 • No: 1

House vote • 5/8/2026

House Floor Vote

Yes: 50 • No: 1

Senate vote • 5/8/2026

Senate Floor Vote

Yes: 24 • No: 0

Senate vote • 4/29/2026

The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS....

Yes: 3 • No: 0

House vote • 4/29/2026

The Conference Committee recommends that the measure be Passed, with Amendments....

Yes: 3 • No: 0

House vote • 4/9/2026

House Floor Vote

Yes: 49 • No: 0

House vote • 4/7/2026

The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes ...

Yes: 16 • No: 0

House vote • 3/25/2026

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

Yes: 48 • No: 0

House vote • 3/20/2026

The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The ...

Yes: 8 • No: 0

Senate vote • 3/5/2026

Senate Floor Vote

Yes: 24 • No: 0

Senate vote • 2/19/2026

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

Yes: 11 • No: 0

Senate vote • 1/27/2026

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

Yes: 5 • No: 0

Bill Text

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