SR 50 Hawaii Senate · 2024 Regular Session

REQUESTING THE HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION TO ADOPT ADMINISTRATIVE RULES TO ENABLE CREDIT ENHANCEMENT FOR CONSTRUCTION LOANS UNDER ANY FUNDS ADMINISTERED BY THE CORPORATION.

This Senate resolution asks the Hawaii Housing Finance and Development Corporation to create new administrative rules that allow it to offer credit enhancement for construction loans. The bill aims to lower financing costs for housing developers by reducing the risk associated with these loans, which could help offset high development expenses caused by rising interest rates. As a Senate resolution, this document serves as a formal request rather than a law that directly changes statutes or mandates specific actions.

Bill status passed 3 of 5 stages cleared

Introduction

Mar 2024

Committee Review

Mar 2024

Senate Passage

Apr 2024

House Passage

Governor

Introduced Mar 8, 2024 Last action May 31, 2024

Floor votes

How they voted

This bill passed the Senate. No roll call record of that vote is available.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 1, 2024

Upper · Passed

Report and Resolution Adopted, as amended (SD 1).

upper

Mar 28, 2024

Upper · Passed

Reported from HOU (Stand. Com. Rep. No. 3393) with recommendation of adoption, as amended (SD 1).

upper

Mar 21, 2024

Upper · Passed

The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in HOU were as follows: 5 Aye(s): Senator(s) Chang, Hashimoto, Aquino, Kanuha, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

upper

Mar 15, 2024

Upper · Passed

The committee(s) on HOU has scheduled a public hearing on 03-21-24 1:00PM; Conference Room 225 & Videoconference.

upper

Mar 15, 2024

Committee

Re-Referred to HOU.

upper

Mar 14, 2024

Committee

Referred to HOU/WAM.