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HB2401 • 2026

RELATING TO THE RENTAL HOUSING REVOLVING FUND.

RELATING TO THE RENTAL HOUSING REVOLVING FUND.

Housing
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
HOLT, AMATO, EVSLIN, KEOHOKAPU-LEE LOY, KILA, KUSCH, LOWEN, MARTEN, MIYAKE, MORIKAWA, OLDS, POEPOE, SOUZA, TAKAYAMA
Last action
2026-02-13
Official status
The committee(s) on HSG recommend(s) that the measure be deferred.
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

RELATING TO THE RENTAL HOUSING REVOLVING FUND.

RELATING TO THE RENTAL HOUSING REVOLVING FUND.

What This Bill Does

  • RELATING TO THE RENTAL HOUSING REVOLVING FUND.
  • Rental Housing Revolving Fund; Loans or Grants; Purchasing Rental Units Authorizes the Rental Housing Revolving Fund to be used to provide loans or grants to eligible individuals to purchase rental units.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-02-13 H

    The committee(s) on HSG recommend(s) that the measure be deferred.

  2. 2026-02-10 H

    Bill scheduled to be heard by HSG on Friday, 02-13-26 9:00AM in House conference room 430 VIA VIDEOCONFERENCE.

  3. 2026-02-02 H

    Referred to HSG, FIN, referral sheet 6

  4. 2026-01-28 H

    Introduced and Pass First Reading.

  5. 2026-01-27 H

    Pending introduction.

Official Summary Text

RELATING TO THE RENTAL HOUSING REVOLVING FUND.
Rental Housing Revolving Fund; Loans or Grants; Purchasing Rental Units
Authorizes the Rental Housing Revolving Fund to be used to provide loans or grants to eligible individuals to purchase rental units.

Current Bill Text

Read the full stored bill text 
HB2401

HOUSE OF REPRESENTATIVES

H.B. NO.

2401

THIRTY-THIRD LEGISLATURE, 2026

STATE OF HAWAII

A BILL FOR AN ACT

relating
to the rental housing revolving fund
.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

����
SECTION 1.
�
The legislature finds that the department of
Hawaiian home lands uses the rental housing revolving fund to develop housing
projects.
�
The legislature believes that
expanding the authorized uses of this fund to provide loans or grants to
eligible individuals will not only support the department of Hawaiian home
lands in its mission to develop and deliver land to native Hawaiians, but will
also assist other middle-class families in Hawaii in purchasing homes.

����
Accordingly, the purpose of this Act
is to authorize the rental housing revolving fund to be used to provide loans
or grants to buyers with incomes between sixty-one and one hundred forty per
cent of the median family income to purchase a rental unit.

����
SECTION
2
.
�
Section
201H-204, Hawaii Revised Statutes, is amended by amending subsection (a) to
read as follows:

����
"(a)
�
Activities eligible for assistance from the
fund shall include but not be limited to:

����
(1)
�
New construction,
rehabilitation, or preservation of low-income rental housing units that meet
the criteria for eligibility described in subsection (c) or section
201H-202(f);

����
(2)
�
The leveraging of
moneys with the use of fund assets;

����
(3)
�
Pre-development
activity grants or loans to nonprofit organizations; [
and
]

����
(4)
�
Acquisition of
housing units for the purpose of preservation as low-income or very low-income
housing[
.
]
; and

����
(5)
�
Loans or grants
to individuals with incomes between sixty-one per cent and one hundred forty
per cent of the median family income to purchase a rental unit.
"

����
SECTION 3.
�
Statutory material to be repealed is
bracketed and stricken.
�
New statutory
material is underscored.

����
SECTION 4.
�
This Act shall take effect upon its approval;
provided that the amendments made to section 201H-204(a), Hawaii Revised
Statutes, by section 2 of this Act shall not be repealed when that section is
reenacted on June 30, 2030, pursuant to section 8 of Act 159, Session Laws of
Hawaii 2025.

INTRODUCED BY:

_____________________________

Report Title:

Rental
Housing Revolving Fund; Loans or Grants; Purchasing Rental Units

Description:

Authorizes
the Rental Housing Revolving Fund to be used to provide loans or grants to
eligible individuals to purchase rental units.

The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.