HawaiiSB 21912025–2026 Regular Session (Year 2)Senate

RELATING TO LIMITED-PROFIT HOUSING ASSOCIATIONS.

Sponsored By: Stanley Chang (Democratic)

Passed

Summary

Establishes an organizational, tax, and regulatory framework for limited-profit housing associations. Establishes the Limited-Profit Housing Council within the Department of Business, Economic Development, and Tourism to oversee limited-profit housing associations. Requires reports to the Legislature. Effective 7/1/2050. (SD1)

DBEDTHousingLimited-Profit Housing AssociationsLimited-Profit Housing CouncilQualified ResidentsTaxationExemptionsReportsHOU/CPN, WAM/JDC

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Stanley Chang

    Democratic • Senate

Cosponsors

  • Kurt Fevella

    Republican • Senate

  • Jarrett Keohokalole

    Democratic • Senate

  • Michelle N. Kidani

    Democratic • Senate

  • Angus L.K. McKelvey

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 9 • No: 0

Senate vote 2/3/2026

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

Yes: 5 • No: 0

Senate vote 2/3/2026

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

Yes: 4 • No: 0

Actions Timeline

  1. Reported from HOU/CPN (Stand. Com. Rep. No. 2640) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM/JDC.

    2/20/2026Senate
  2. Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM/JDC.

    2/20/2026Senate
  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, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Rhoads.

    2/3/2026Senate
  4. The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 5 Aye(s): Senator(s) Keohokalole, Fukunaga, Lamosao, McKelvey, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

    2/3/2026Senate
  5. The committee(s) on HOU/CPN has scheduled a public hearing on 02-03-26 9:31AM; Conference Room 229 & Videoconference.

    1/30/2026Senate
  6. Referred to HOU/CPN, WAM/JDC.

    1/26/2026Senate
  7. Introduced and passed First Reading.

    1/21/2026Senate
  8. Pending Introduction.

    1/14/2026Senate

Bill Text

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