# Hawaii SB 2424: RELATING TO THE HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION.

Hawaii SB 2424, RELATING TO THE HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION., is a 2025–2026 Regular Session (Year 2) Senate bill sponsored by Stanley Chang (Democratic); status failed, last action 2026-03-20 (Reported from HSG (Stand. Com. Rep. No. 1309-26) as amended in HD 1, recommending passage on Second Reading and referral to WAL.); PRIA reads it as touching household money (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/HI-SB2424-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Hawaii SB 2424
- State: Hawaii
- Session: 2025–2026 Regular Session (Year 2)
- Title: RELATING TO THE HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION.
- Status: failed
- Chamber: Senate
- Introduced: 2026-01-22
- Last action: 2026-03-20, Reported from HSG (Stand. Com. Rep. No. 1309-26) as amended in HD 1, recommending passage on Second Reading and referral to WAL.
- Sponsor: Stanley Chang (Democratic)
- Cosponsors: 0
- Subjects: HHFDC, Qualified Residents, Affordable Housing, Housing Development, Exemptions, Owner-Occupancy, Deed Restrictions, HSG, WAL, FIN
- Touches household money: yes
- Roll calls: 5 (95 yes, 5 no in all)
- Economic provisions PRIA read: 0

## Summary

Removes the prohibition against qualified residents for Hawaii Housing Finance and Development Corporation-approved projects holding a majority interest in land and removes the requirement that qualified residents demonstrate financial viability or ability to pay rent. Amends exemptions from statutes, ordinances, charter provisions, and rules for certain housing projects developed by the Corporation that satisfy certain conditions, including requirements related to employment, owner-occupancy, and deed restrictions. Effective 7/1/3000. (HD1)

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Stanley Chang (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-03-20 | House | Passed Second Reading as amended in HD 1 and referred to the committee(s) on WAL... | pass | 46 | 3 |   |
| 2026-03-18 | House | The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The ... | pass | 7 | 2 |   |
| 2026-03-10 | Senate | Senate Floor Vote | pass | 25 | 0 |   |
| 2026-03-03 | Senate | The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The... | pass | 12 | 0 |   |
| 2026-02-05 | Senate | The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENT... | pass | 5 | 0 |   |

## Actions (20)

- 2026-03-20: Reported from HSG (Stand. Com. Rep. No. 1309-26) as amended in HD 1, recommending passage on Second Reading and referral to WAL. (House)
- 2026-03-20: Passed Second Reading as amended in HD 1 and referred to the committee(s) on WAL with Representative(s) Alcos, Muraoka voting aye with reservations; Representative(s) Cochran, Garcia, Pierick voting no (3) and Representative(s) Quinlan excused (1). (House)
- 2026-03-18: The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Evslin, Miyake, Kila, Kitagawa, La Chica; Ayes with reservations: Representative(s) Grandinetti, Muraoka; 2 Noes: Representative(s) Cochran, Pierick; and Excused: none. (House)
- 2026-03-16: Bill scheduled to be heard by HSG on Wednesday, 03-18-26 9:00AM in House conference room 430 VIA VIDEOCONFERENCE. (House)
- 2026-03-12: Pass First Reading (House)
- 2026-03-12: Referred to HSG, WAL, FIN, referral sheet 17 (House)
- 2026-03-10: Report adopted; Passed Third Reading. Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House. (Senate)
- 2026-03-10: Received from Senate (Sen. Com. No. 236) in amended form (SD 1). (House)
- 2026-03-06: Reported from WAM (Stand. Com. Rep. No. 2903) with recommendation of passage on Third Reading. (Senate)
- 2026-03-06: One Day Notice 03-10-26. (Senate)
- 2026-03-03: The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The votes in WAM were as follows: 12 Aye(s): Senator(s) Dela Cruz, Moriwaki, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Richards, Wakai; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fevella. (Senate)
- 2026-02-27: The committee(s) on WAM will hold a public decision making on 03-03-26 10:17AM; Conference Room 211 & Videoconference. (Senate)
- 2026-02-13: Reported from HOU (Stand. Com. Rep. No. 2238) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM. (Senate)
- 2026-02-13: Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. (Senate)
- 2026-02-05: The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in HOU were as follows: 5 Aye(s): Senator(s) Chang, Hashimoto, Elefante, Rhoads, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none. (Senate)
- 2026-02-03: The committee(s) on HOU deferred the measure until 02-05-26 1:00PM; CR 225 & Videoconference. (Senate)
- 2026-01-29: The committee(s) on HOU has scheduled a public hearing on 02-03-26 1:00PM; Conference Room 225 & Videoconference. (Senate)
- 2026-01-28: Referred to HOU, WAM. (Senate)
- 2026-01-22: Introduced. (Senate)
- 2026-01-22: Passed First Reading. (Senate)

## Bill text

- Bill Text: [PDF](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2424_HD1_.pdf)
- Original: [HTML](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2424_.HTM), [PDF](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2424_.PDF)
- SB2424_HD1: [HTML](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2424_HD1_.HTM)
- SB2424_SD1: [HTML](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2424_SD1_.HTM)

## Related bills

- SB 847: RELATING TO PSYCHOLOGISTS. (became law)
- SB 2338: RELATING TO HOUSING. (signed)
- HB 2344: RELATING TO SCHOOL FACILITIES. (signed)
- HB 2023: RELATING TO TRANSPORTATION. (signed)
- HB 2021: RELATING TO TRANSPORTATION. (signed)
- SB 2031: RELATING TO CONSUMER PROTECTION. (signed)

## Sources
- [Bill Text (PDF)](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2424_HD1_.pdf)
- [Original (HTML)](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2424_.HTM)
- [Original (PDF)](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2424_.PDF)
- [SB2424_HD1 (HTML)](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2424_HD1_.HTM)
- [SB2424_SD1 (HTML)](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2424_SD1_.HTM)

## Related
- [SB 847: RELATING TO PSYCHOLOGISTS.](https://policyrisk.com/state-bill/HI-SB847-2026)
- [SB 2338: RELATING TO HOUSING.](https://policyrisk.com/state-bill/HI-SB2338-2026)
- [HB 2344: RELATING TO SCHOOL FACILITIES.](https://policyrisk.com/state-bill/HI-HB2344-2026)
- [HB 2023: RELATING TO TRANSPORTATION.](https://policyrisk.com/state-bill/HI-HB2023-2026)
- [HB 2021: RELATING TO TRANSPORTATION.](https://policyrisk.com/state-bill/HI-HB2021-2026)
- [SB 2031: RELATING TO CONSUMER PROTECTION.](https://policyrisk.com/state-bill/HI-SB2031-2026)
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Source: PRIA, https://policyrisk.com/state-bill/HI-SB2424-2026 (as of 2026-11-01).