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SB2194 • 2026

RELATING TO HOUSING.

RELATING TO HOUSING.

Housing
Active

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

Sponsor
CHANG, FEVELLA, MCKELVEY, RHOADS, San Buenaventura
Last action
2026-02-13
Official status
Report adopted; Passed Second Reading and referred to WAM.
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 HOUSING.

RELATING TO HOUSING.

What This Bill Does

  • RELATING TO HOUSING.
  • Hawaii Housing Finance and Development Corporation; RHRF; Eligible Applicants; Organizations; Profits; Government Agencies Requires applicants for rental housing revolving fund moneys to be either organizations that are required to use all financial surplus, excluding fees, to develop additional housing in the State, or government agencies.
  • Effective 7/1/2050.

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 S

    Report adopted; Passed Second Reading and referred to WAM.

  2. 2026-02-13 S

    Reported from HOU (Stand. Com. Rep. No. 2267) with recommendation of passage on Second Reading and referral to WAM.

  3. 2026-02-03 S

    The committee(s) on HOU recommend(s) that the measure be PASSED, UNAMENDED. The votes in HOU were as follows: 4 Aye(s): Senator(s) Chang, Hashimoto, Elefante, Rhoads; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.

  4. 2026-01-29 S

    The committee(s) on HOU has scheduled a public hearing on 02-03-26 1:00PM; Conference Room 225 & Videoconference.

  5. 2026-01-26 S

    Referred to HOU, WAM.

  6. 2026-01-21 S

    Introduced and passed First Reading.

  7. 2026-01-14 S

    Pending Introduction.

Official Summary Text

RELATING TO HOUSING.
Hawaii Housing Finance and Development Corporation; RHRF; Eligible Applicants; Organizations; Profits; Government Agencies
Requires applicants for rental housing revolving fund moneys to be either organizations that are required to use all financial surplus, excluding fees, to develop additional housing in the State, or government agencies. Effective 7/1/2050.

Current Bill Text

Read the full stored bill text 
SB2194

THE SENATE

S.B. NO.

2194

THIRTY-THIRD LEGISLATURE, 2026

STATE OF HAWAII

A BILL FOR AN ACT

relating
to housing
.

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

����
SECTION 1.
�
The legislature finds that there are
approximately fifteen thousand affordable housing units in the State that have
affordability restrictions that will expire by the year 2100.

����
The
legislature further finds that the
Kukui Gardens complex was constructed
in 1970 as an affordable rental housing community supported by subsidized
federal loans.
�
When the affordability
restrictions for Kukui Gardens units expired, the State was compelled to purchase
the project from the owner for $132,500,000 in 2006 to preserve the
affordability for tenants in place.
�
The
owner of Kukui Gardens then used the proceeds of the sale to fund other
charitable donations that were unrelated to housing.

����
T
he
legislature finds that action is needed to ensure that the value generated by
taxpayer-financed housing developments is recycled to build more housing.

����
Accordingly,
the purpose of this Act is to require eligible applicants for moneys from the
rental housing revolving fund to be either:

����
(1)
�
Organizations that are required to use
all financial surplus, excluding fees received by the organizations, to develop
additional housing in the State; or

����
(2)
�
Governmental agencies.

����
SECTION

2
.
�
Section
201H-203, Hawaii Revised Statutes, is amended to read as follows:

����
"
[
[
]�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:

����
(1)
�
Either:

���������
(A)
�
Organizations that are required to
use all financial surplus, excluding fees received by the organizations, to
develop additional housing in the State; or

���������
(B)
�
Government
agencies
[
, who are
qualified
]
; and

����
(2)
�
Qualified
in accordance with
rules adopted by the corporation pursuant to chapter 91."

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

����
SECTION
4.
�
This Act shall take effect on July 1,
2050.

INTRODUCED BY:

_____________________________

Report Title:

Hawaii
Housing Finance and Development Corporation; RHRF; Eligible Applicants; Organizations;
Profits; Government Agencies

Description:

Requires
applicants for rental housing revolving fund moneys to be either organizations
that are required to use all financial surplus, excluding fees, to develop
additional housing in the State, or government agencies.
�
Effective 7/1/2050.

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