RELATING TO HOUSING.
Sponsored By: Stanley Chang (Democratic)
In Committee
Summary
Requires the Hawaii Housing Finance and Development Corporation to compile, maintain, and publish on its website a public inventory of underutilized public properties suitable for affordable rental housing development. Requires the HHFDC to provide legal and administrative assistance to requesting county agencies and eligible developers to accelerate the development of affordable rental housing projects. Establishes eligibility requirements for developers and rental housing projects seeking interim financing from the HHFDC. Establishes the Affordable Rental Supply Revolving Fund to be administered by the HHFDC to provide interim financing for eligible developers of approved rental housing projects. Establishes the Affordable Homeownership Program within the HHFDC to provide second mortgages to homebuyers under certain conditions. Establishes eligibility requirements for a homebuyer seeking a second mortgage from the HHFDC. Establishes the Affordable Homeownership Assistance Revolving Fund to be administered by the HHFDC. Appropriates funds.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Stanley Chang
Democratic • Senate
Cosponsors
Brandon J.C. Elefante
Democratic • Senate
Kurt Fevella
Republican • Senate
Mike Gabbard
Democratic • Senate
Troy N. Hashimoto
Democratic • Senate
Jarrett Keohokalole
Democratic • Senate
III Richards
Democratic • Senate
Joy A. San Buenaventura
Democratic • Senate
Glenn Wakai
Democratic • Senate
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Referred to HOU/WLA, WAM.
1/26/2026SenateIntroduced and passed First Reading.
1/21/2026SenatePending Introduction.
1/15/2026Senate
Bill Text
Original
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