RELATING TO THE HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION.

SB2195

THE SENATE

S.B. NO.

2195

THIRTY-THIRD LEGISLATURE, 2026

STATE OF HAWAII

A BILL FOR AN ACT

Relating
to the Hawaii Housing Finance and Development Corporation
.

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

����
SECTION
1
.
�
Section 201H-3, Hawaii Revised Statutes, is
amended to read as follows:

����
"�
201H-3
�

Board; establishment, functions, duties.
�
(a)
�

There is created a board of directors of the Hawaii housing finance and
development corporation consisting of [
nine
]
ten
members, of whom
six shall be public members appointed by the governor as provided in section
26-34.
�
At least four of the public
members shall have knowledge and expertise in public or private financing and
development of affordable housing.
�

Public members shall be appointed from each of the counties of Honolulu,
Hawaii, Maui, and Kauai.
�
At least one
public member shall represent community advocates for low-income housing,
affiliated with private nonprofit organizations that serve the residents of
low-income housing.
�
The public members
of the board shall serve four-year staggered terms; provided that the initial
appointments shall be as follows:

����
(1)
�
Two members to be appointed for four
years;

����
(2)
�
Two members to be appointed for three
years; and

����
(3)
�
Two members to be appointed for two
years.

The
director of business, economic development, and
tourism [
and
]
;
the director of finance[
,
]
; and the
executive director of the Hawaii public housing authority,
or their
designated representatives, and a representative of the governor's office,
shall be ex officio[
[
],[
]
] voting members.
�
The corporation shall be headed by the board.

����
(b)
�
The board of directors shall select a
chairperson and vice chairperson from among its members; provided that the
chairperson shall be a public member.
�

The director of business, economic development, and tourism[
,
]
;

director of finance[
,
]
; executive director of the Hawaii public
housing authority;
and the governor's representative shall be ineligible to
serve as chairperson of the board.

����
(c)
�
[
Five
]
Six
members shall
constitute a quorum, whose affirmative vote shall be necessary for all actions
by the corporation.
�
The members shall
receive no compensation for services, but shall be entitled to necessary
expenses, including travel expenses, incurred in the performance of their
duties."

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

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

INTRODUCED BY:

_____________________________

Report Title:

HHFDC;
HPHA; Board of Directors; Members; Executive Director

Description:

Adds the
Executive Director of the Hawaii Public Housing Authority to the Board of
Directors of the Hawaii Housing Finance and Development Corporation.

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