SB2197 • 2026

RELATED TO HOUSING.

Housing

Active

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

Sponsor: CHANG, FEVELLA, HASHIMOTO, MORIWAKI, SAN BUENAVENTURA
Last action: 2026-02-03
Official status: The committee on CPN deferred the measure.
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.

RELATED TO HOUSING.

What This Bill Does

RELATED TO HOUSING.
HHFDC; Rent-to-Own Program; Option Period; Sales Price Replaces the five-year period during which the sales price of a rent-to-own dwelling unit shall remain fixed with an option period established by the Hawaii Housing Finance and Development Corporation.
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

2026-02-03 S
The committee on CPN deferred the measure.
2026-02-03 S
The committee on HOU deferred the measure.
2026-01-30 S
The committee(s) on HOU/CPN has scheduled a public hearing on 02-03-26 9:31AM; Conference Room 229 & Videoconference.
2026-01-26 S
Referred to HOU/CPN, WAM/JDC.
2026-01-21 S
Introduced and passed First Reading.
2026-01-14 S
Pending Introduction.

Official Summary Text

RELATED TO HOUSING.
HHFDC; Rent-to-Own Program; Option Period; Sales Price
Replaces the five-year period during which the sales price of a rent-to-own dwelling unit shall remain fixed with an option period established by the Hawaii Housing Finance and Development Corporation. Effective 7/1/2050.

Current Bill Text

Read the full stored bill text

SB2197

THE SENATE

S.B. NO.

2197

THIRTY-THIRD LEGISLATURE, 2026

STATE OF HAWAII

A BILL FOR AN ACT

Related
to housing
.

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

����
SECTION
1
.
�
Section 201H-181, Hawaii Revised Statutes, is
amended by amending subsection (b) to read as follows:

����
"(b)
�
The sales price shall be established at the
beginning of the rental term and shall remain fixed [
for the first five
years after the rental agreement is executed.
]
during the option period
established by the corporation.
�

During this period, the participant shall have the option of purchasing
the unit at the designated sales price.
�

If the participant does not elect to purchase the unit within the [
five-year
]

option
period, the renter shall forfeit the right to continue living in
the unit and the unit shall be made available to another purchaser or
renter."

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Statutory material to be repealed is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

����
SECTION
3.
�
This Act shall take effect on July 1,
2050.

INTRODUCED BY:

_____________________________

Report Title:

HHFDC;
Rent-to-Own Program; Option Period; Sales Price

Description:

Replaces
the five-year period during which the sales price of a rent-to-own dwelling
unit shall remain fixed with an option period established by the Hawaii Housing
Finance and Development Corporation.
�

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.