SB71 • 2026

RELATING TO THE RENTAL HOUSING REVOLVING FUND.

Budget Housing

Active

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

Sponsor: CHANG, FEVELLA, RHOADS, RICHARDS, McKelvey, Moriwaki
Last action: 2026-04-02
Official status: Received notice of the discharge of all House Conferees (Hse. Com. No. 457).
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 THE RENTAL HOUSING REVOLVING FUND.

What This Bill Does

RELATING TO THE RENTAL HOUSING REVOLVING FUND.
Rental Housing Revolving Fund; Mixed-Income Subaccount; Workforce Rental Housing; Director of Finance; Appropriation Establishes the Mixed-Income Subaccount within the Rental Housing Revolving Fund that targets workforce rental housing projects for persons and families with incomes at or below one hundred forty per cent of the area median income.
Authorizes the Director of Finance to transfer funds from the Rental Housing Revolving Fund into the Mixed-Income Subaccount.
Appropriates funds into and out of the Mixed-Income Subaccount of the Rental Housing Revolving Fund.

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.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

HD1

Hawaii published version HD1

Plain English: SB71 HD1 THE SENATE S.B.

SB71 HD1 THE SENATE S.B.
NO.
71 THIRTY-THIRD LEGISLATURE, 2025 S.D.
2 STATE OF HAWAII H.D.

SD1

Hawaii published version SD1

Plain English: SB71 SD1 THE SENATE S.B.

SB71 SD1 THE SENATE S.B.
NO.
71 THIRTY-THIRD LEGISLATURE, 2025 S.D.
1 STATE OF HAWAII A BILL FOR AN ACT RELATING TO THE RENTAL HOUSING REVOLVING FUND .

SD2

Hawaii published version SD2

Plain English: SB71 SD2 THE SENATE S.B.

SB71 SD2 THE SENATE S.B.
NO.
71 THIRTY-THIRD LEGISLATURE, 2025 S.D.
2 STATE OF HAWAII A BILL FOR AN ACT RELATING TO THE RENTAL HOUSING REVOLVING FUND .

Bill History

2026-04-02 S
Received notice of the discharge of all House Conferees (Hse. Com. No. 457).
2026-04-01 H
House Conferee(s) discharged.
2026-03-20 H
Received notice of all Senate conferees being discharged (Sen. Com. No. 409).
2026-03-20 S
Senate Conferee(s) discharged.
2025-12-08 D
Carried over to 2026 Regular Session.
2025-04-16 H
Received notice of Senate conferees (Sen. Com. No. 809).
2025-04-16 S
Senate Conferees Appointed: Chang Chair; Hashimoto Co-Chair; Kanuha, Fevella.
2025-04-15 S
Received notice of appointment of House conferees (Hse. Com. No. 731).
2025-04-14 H
House Conferees Appointed: Evslin, Miyake Co-Chairs; Pierick.
2025-04-08 H
Received notice of disagreement (Sen. Com. No. 774).
2025-04-08 S
Senate disagrees with House amendments.
2025-04-08 S
Received from House (Hse. Com. No. 566).
2025-04-04 H
Passed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Kapela excused (2). Transmitted to Senate.
2025-04-04 H
Passed Second Reading; placed on the calendar for Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Kapela excused (2).
2025-04-04 H
Reported from FIN (Stand. Com. Rep. No. 1951), recommending passage on Third Reading.
2025-04-01 H
The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Holt, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lamosao, Lee, M., Miyake, Morikawa, Templo, Reyes Oda; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Alcos.
2025-03-28 H
Bill scheduled to be heard by FIN on Tuesday, 04-01-25 2:00PM in House conference room 308 VIA VIDEOCONFERENCE.
2025-03-18 H
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; Representative(s) Pierick voting no (1) and Representative(s) Cochran, Ward excused (2).
2025-03-18 H
Reported from HSG (Stand. Com. Rep. No. 1351) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2025-03-14 H
The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Evslin, Miyake, Grandinetti, Kila, Kitagawa, La Chica, Muraoka; Ayes with reservations: none; 0 Noes: none; and 2 Excused: Representative(s) Cochran, Pierick.
2025-03-11 H
Bill scheduled to be heard by HSG on Friday, 03-14-25 9:00AM in House conference room 430 VIA VIDEOCONFERENCE.
2025-03-06 H
Referred to HSG, FIN, referral sheet 19
2025-03-06 H
Pass First Reading
2025-03-04 H
Received from Senate (Sen. Com. No. 76) in amended form (SD 2).
2025-03-04 S
Report Adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: Senator(s) McKelvey, Moriwaki, San Buenaventura. Noes, 0 (none). Excused, 0 (none). Transmitted to House.
2025-02-28 S
48 Hrs. Notice 03-04-25.
2025-02-28 S
Reported from WAM (Stand. Com. Rep. No. 916) with recommendation of passage on Third Reading, as amended (SD 2).
2025-02-27 S
The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2025-02-21 S
The committee(s) on WAM will hold a public decision making on 02-27-25 10:30AM; Conference Room 211 & Videoconference.
2025-02-05 S
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2025-02-05 S
Reported from HOU (Stand. Com. Rep. No. 29) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
2025-01-28 S
The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in HOU were as follows: 4 Aye(s): Senator(s) Chang, Aquino, Kanuha; Aye(s) with reservations: Senator(s) Hashimoto ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.
2025-01-22 S
The committee(s) on HOU has scheduled a public hearing on 01-28-25 1:00PM; Conference Room 225 & Videoconference.
2025-01-16 S
Referred to HOU, WAM.
2025-01-15 S
Introduced and passed First Reading.
2025-01-08 S
Pending Introduction.

Official Summary Text

RELATING TO THE RENTAL HOUSING REVOLVING FUND.
Rental Housing Revolving Fund; Mixed-Income Subaccount; Workforce Rental Housing; Director of Finance; Appropriation
Establishes the Mixed-Income Subaccount within the Rental Housing Revolving Fund that targets workforce rental housing projects for persons and families with incomes at or below one hundred forty per cent of the area median income. Authorizes the Director of Finance to transfer funds from the Rental Housing Revolving Fund into the Mixed-Income Subaccount. Appropriates funds into and out of the Mixed-Income Subaccount of the Rental Housing Revolving Fund. Effective 7/1/3000. (HD1)

Current Bill Text

Read the full stored bill text

SB71

THE SENATE

S.B. NO.

71

THIRTY-THIRD LEGISLATURE, 2025

STATE OF HAWAII

A BILL FOR AN ACT

relating
to the rental housing revolving fund
.

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

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SECTION
1
.
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Section 201H-204, Hawaii Revised Statutes, is
amended to read as follows:

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[
[
]�201H-204[
]
]
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Eligible projects.
�
(a)
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Activities eligible for assistance from the fund shall include but not
be limited to:

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(1)
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New construction, rehabilitation, or
preservation of low-income rental housing units that meet the criteria for
eligibility described in subsection (c);

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(2)
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The leveraging of moneys with the use
of fund assets;

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(3)
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Pre-development activity grants or
loans to nonprofit organizations; and

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(4)
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Acquisition of housing units for the
purpose of preservation as low-income or very low-income housing.

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(b)
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Preference shall be given to projects [
producing
units in at least one of the following categories:

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(1)
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Multifamily units;

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(2)
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Attached single-family units;

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(3)
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Apartments;

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(4)
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Townhouses;

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(5)
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Housing units above commercial or
industrial space;

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(6)
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Single room occupancy units;

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(7)
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Accessory apartment units;

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(8)
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Employee housing;

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(9)
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United States Department of Housing
and Urban Development mixed finance development of public housing units; and

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(10)
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Other types of units meeting the
criteria for eligibility set forth in subsection (c).
]

meeting
the following criteria:

����
(1)
�
Multifamily units near stations of a
locally preferred alternative of a mass transit project;

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(2)
�
State- or county-owned projects;

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(3)
�
Projects that are required to be
conveyed to the State or a county at a definite time;

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(4)
�
Projects owned by an organization
obliged to use all financial surplus generated by the project to construct,
manage, or rehabilitate owner- or renter-occupied housing in the State;

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(5)
�
Projects with a perpetual
affordability commitment; and

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(6)
�
Projects of applicant developers who
request loan terms no longer than five years.

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[
(c)
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The corporation shall establish an
application process for fund allocation that gives preference to projects
meeting the following criteria that are listed in descending order of priority:

����
(1)
�
Serve the original target group;

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(2)
�
Provide at least five per cent of
the total number of units for persons and families with incomes at or below
thirty per cent of the median family income;

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(3)
�
Provide the maximum number of units
for persons or families with incomes at or below eighty per cent of the median
family income;

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(4)
�
Are committed to serving the target
group over a longer period of time;

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(5)
�
Increase the integration of income
levels of the immediate community area;

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(6)
�
Meet the geographic needs of the
target group of the proposed rental housing project, such as proximity to
employment centers and services; and

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(7)
�
Have favorable past performance in
developing, owning, managing, or maintaining affordable rental housing.

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The
corporation may include other criteria as it deems necessary to carry out the
purposes of this subpart.

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If
the corporation, after applying the process described in this subsection, finds
a nonprofit project equally ranked with a for-profit or government project, the
corporation shall give preference to the nonprofit project in allotting fund
moneys.
]"
����
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:

RHRF; Preference
Criteria; Eligibility

Description:

Amends
the preference criteria and eligibility requirements for applicant developers seeking
assistance from the Rental Housing Revolving Fund.

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