HB 1432 Hawaii House · 2025 Regular Session

RELATING TO HOUSING.

Summary

Adds loan funds administered by Nonprofit Community Development Financial Institutions (CDFIs) for certain for-sale affordable housing projects to list of loan priorities for the Affordable Homeownership Revolving Fund. Expands use of funds in the revolving fund to allow financing as matching funds for CDFIs to mobilize other funding sources. Effective 7/1/3000. (HD1)

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

Governor

Introduced Jan 23, 2025 Last action Feb 12, 2025

Maddy AI version diff · 1 comparison

What changed between versions

HB1432 → HB1432_HD1 · 4 edits

MODERATE

This bill amends Hawaii's Affordable Homeownership Revolving Fund by clarifying loan priority rules and expanding how funds can be used. It maintains existing income-based eligibility thresholds while adding language to ensure nonprofit Community Development Financial Institutions (CDFIs) can access funds for affordable housing projects. The most notable change is moving the effective date from 'upon approval' to a fixed future date of July 1, 3000, which appears to be a placeholder or error that would need correction.

Scope change

The bill's scope remains focused on the Affordable Homeownership Revolving Fund, but it expands the permitted uses of fund moneys to explicitly include financing as matching funds for nonprofit CDFIs to mobilize additional funding sources.

TIMELINE

Changed the effective date from 'upon approval' to 'July 1, 3000', which is likely a placeholder error requiring legislative correction.

REQUIREMENT

Added specific language clarifying that loan funds administered by certified nonprofit CDFIs can be used for affordable for-sale housing projects meeting income eligibility requirements.

FISCAL

Expanded permitted uses of fund moneys to explicitly allow financing as matching funds for nonprofit CDFIs to mobilize philanthropic, private, or public funding sources.

TECHNICAL

Removed document metadata, file headers, and formatting artifacts from the original draft version.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 12, 2025

Committee

Reported from HSG (Stand. Com. Rep. No. 488) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

lower

Feb 7, 2025

Lower · Passed

The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Evslin, Miyake, Grandinetti, Kitagawa, La Chica, Muraoka, Pierick; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Cochran, Kila.

lower

Jan 27, 2025

Committee

Referred to HSG, FIN, referral sheet 4

lower

Jan 23, 2025

Introduced

Introduced and Pass First Reading.

lower

1 primary · 0 co-sponsors