HB762 • 2026

RELATING TO HOUSING.

Housing

Active

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

Sponsor: KILA, MARTEN, TAM
Last action: 2025-12-08
Official status: Carried over to 2026 Regular Session.
Effective date: Not listed

Plain English Breakdown

The official source does not provide details on the impact of the bill on existing projects or applicants who do not meet new requirements.

Rules for Housing Fund Applicants

This bill changes who can get money from a special housing fund to include only governmental agencies and organizations that must use all extra earnings to build more homes in Hawaii.

What This Bill Does

Changes the rules about who can apply for funds from the Rental Housing Revolving Fund (RHRF).
Limits eligible applicants to either governmental agencies or specific types of organizations.
Requires these organizations to use any financial surplus to help build additional housing in Hawaii.

Who It Names or Affects

Governmental agencies that apply for RHRF funds.
Organizations applying for RHRF funds and required to reinvest profits into housing development.

Terms To Know

Rental Housing Revolving Fund (RHRF): A fund used to provide financial support for rental housing projects in Hawaii.
Financial surplus: Extra money earned after all expenses are paid, which must be reinvested into building more homes under this bill.

Limits and Unknowns

The bill does not specify what happens to existing applicants who do not meet the new requirements.
It is unclear how the change will affect current housing projects funded by RHRF.

Bill History

2025-12-08 D
Carried over to 2026 Regular Session.
2025-01-21 H
Referred to HSG, FIN, referral sheet 2
2025-01-21 H
Introduced and Pass First Reading.
2025-01-17 H
Pending introduction.

Official Summary Text

RELATING TO HOUSING.
RHRF; Eligible Applicants; Organizations; Profits; Government Agencies
Requires eligible applicants of the Rental Housing Revolving Fund to be either governmental agencies or organizations that are required to use all financial surplus to develop additional housing in the State.

Current Bill Text

Read the full stored bill text

HB762

HOUSE OF REPRESENTATIVES

H.B. NO.

762

THIRTY-THIRD LEGISLATURE, 2025

STATE OF HAWAII

A BILL FOR AN ACT

relating
to housing
.

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

����
SECTION
1
.
�
Section 201H-203, Hawaii Revised Statutes, is
amended to read as follows:

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"[
[
]�201H-203[
]
]
�

Eligible applicants for funds.
�
[
Eligible applicants
]
To be
eligible
for funds
, applicants
shall [
include nonprofit and
for-profit

organizations, limited liability companies, partnerships, and
government
]
be:

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(1)
�
Organizations that are required to
use all financial surplus to develop additional housing in the State; or

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(2)
�
Government
agencies[
, who are
]
.

Eligible
applicants shall also be
qualified in accordance with rules adopted by the
corporation pursuant to chapter 91."

����
SECTION
2.
�
Statutory material to be repealed is
bracketed and stricken.
�
New statutory
material is underscored.

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SECTION
3.
�
This Act shall take effect upon its
approval.

INTRODUCED BY:

_____________________________

Report Title:

RHRF; Eligible
Applicants; Organizations; Profits; Government Agencies

Description:

Requires
eligible applicants of the Rental Housing Revolving Fund to be either
governmental agencies or organizations that are required to use all financial
surplus to develop additional housing in the State.

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