HR75 • 2026

SUPPORTING THE USE OF THE DWELLING UNIT REVOLVING FUND TO FUND PREDEVELOPMENT COSTS FOR ANY GOVERNMENT AFFORDABLE HOUSING DEVELOPMENT PROJECT THROUGH INTERIM LOANS TO EXPEDITE THE DELIVERY OF AFFORDABLE HOUSING TO HAWAII'S RESIDENTS.

Housing

Active

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

Sponsor: EVSLIN, AMATO, IWAMOTO, KAHALOA, KILA, KUSCH, LOWEN, MARTEN, MIYAKE, MORIKAWA, PERRUSO, TAM
Last action: 2026-04-09
Official status: Resolution adopted in final form.
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.

SUPPORTING THE USE OF THE DWELLING UNIT REVOLVING FUND TO FUND PREDEVELOPMENT COSTS FOR ANY GOVERNMENT AFFORDABLE HOUSING DEVELOPMENT PROJECT THROUGH INTERIM LOANS TO EXPEDITE THE DELIVERY OF AFFORDABLE HOUSING TO HAWAII'S RESIDENTS.

What This Bill Does

SUPPORTING THE USE OF THE DWELLING UNIT REVOLVING FUND TO FUND PREDEVELOPMENT COSTS FOR ANY GOVERNMENT AFFORDABLE HOUSING DEVELOPMENT PROJECT THROUGH INTERIM LOANS TO EXPEDITE THE DELIVERY OF AFFORDABLE HOUSING TO HAWAII'S RESIDENTS.
Dwelling Unit Revolving Fund; Predevelopment Costs; Government Affordable Housing Projects

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

2026-04-09 H
Resolution adopted in final form.
2026-04-09 H
Adopted with none voting aye with reservations; none voting no (0) and Representative(s) Cochran excused (1).
2026-04-09 H
Reported from FIN (Stand. Com. Rep. No. 1957-26), recommending adoption.
2026-04-07 H
The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 15 Ayes: Representative(s) Todd, Takenouchi, Hartsfield, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lee, M., Miyake, Perruso, Templo, Yamashita, Alcos, Gedeon, Reyes Oda; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Morikawa.
2026-04-02 H
Scheduled for decision making on Tuesday, 04-07-26 10:05AM in conference room 308 VIA VIDEOCONFERENCE.
2026-04-02 H
Report adopted; referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and none excused (0).
2026-04-02 H
Reported from HSG (Stand. Com. Rep. No. 1708-26), recommending referral to FIN.
2026-03-27 H
The committee on HSG recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 6 Ayes: Representative(s) Evslin, Miyake, Grandinetti, Kila, Kitagawa, Cochran; Ayes with reservations: none; Noes: none; and 3 Excused: Representative(s) La Chica, Muraoka, Pierick.
2026-03-25 H
Resolution scheduled to be heard by HSG on Friday, 03-27-26 9:30AM in conference room 430 VIA VIDEOCONFERENCE.
2026-03-18 H
Referred to HSG, FIN, referral sheet 18
2026-03-16 H
Offered
2026-03-12 H
To be offered.

Official Summary Text

SUPPORTING THE USE OF THE DWELLING UNIT REVOLVING FUND TO FUND PREDEVELOPMENT COSTS FOR ANY GOVERNMENT AFFORDABLE HOUSING DEVELOPMENT PROJECT THROUGH INTERIM LOANS TO EXPEDITE THE DELIVERY OF AFFORDABLE HOUSING TO HAWAII'S RESIDENTS.
Dwelling Unit Revolving Fund; Predevelopment Costs; Government Affordable Housing Projects

Current Bill Text

Read the full stored bill text

HR75

HOUSE OF REPRESENTATIVES

H.R. NO.

75

THIRTY-THIRD LEGISLATURE, 2026

STATE OF HAWAII

HOUSE RESOLUTION

supporting the use of the dwelling unit revolving fund to
fund predevelopment costs for any government affordable housing development
project through interim loans to expedite the delivery of affordable housing to
hawaii's residents
.

����
WHEREAS, the
Hawaii Housing Finance and Development Corporation utilizes the Dwelling Unit
Revolving Fund to fund predevelopment costs associated with affordable housing
projects on land it owns or otherwise administers; and

����
WHEREAS, financing
of the predevelopment phase for affordable housing projects is a much higher
risk than financing the construction phase, as there are more variables that
could render the project impracticable, with a higher possibility of the lender
not recouping the loan; and

����
WHEREAS, the
predevelopment phase of an affordable housing development project may include
but not be limited to in-depth analysis of site particularities; undertaking of
multiple technical studies on the parcel and the proposed project; creating
conceptual designs, site plans, and construction drawings; conducting
environmental assessments; preparing and submitting documentation for all
needed permits, approvals, and financing for the construction of the project;
and more; and

����
WHEREAS, the
Hawaii Housing Finance and Development Corporation has not historically used
the Dwelling Unit Revolving Fund to finance predevelopment costs associated
with projects owned or administered by entities other than itself due to the
higher risk of financing; and

����
WHEREAS, not
all counties in the State have flexible funding available that can be used for
affordable housing project predevelopment costs; and

����
WHEREAS, access
to predevelopment funding is critical to advancing affordable housing
development; now, therefore,

����
BE IT
RESOLVED by the House of Representatives of the Thirty-third Legislature of the
State of Hawaii, Regular Session of 2026, that this body supports the use of
the Dwelling Unit Revolving Fund to fund predevelopment costs for any
government affordable housing development project through interim loans to
expedite the delivery of affordable housing to Hawaii's residents; and

����
BE IT FURTHER
RESOLVED that this body supports interim predevelopment loans provided through
the Dwelling Unit Revolving Fund being paid back to the Hawaii Housing Finance
and Development Corporation by the developer through the project's permanent
financing source; and

����
BE IT FURTHER
RESOLVED that certified copies of this Resolution be transmitted to the
Executive Director of the Hawaii Housing Finance and Development Corporation
and Chairperson of the Board of Directors of the Hawaii Housing Finance and
Development Corporation.

OFFERED BY:

_____________________________

Report Title:
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Dwelling
Unit Revolving Fund; Predevelopment Costs; Government Affordable Housing
Projects