SB 572 Hawaii Senate · 2025 Regular Session

RELATING TO HOUSING.

Summary

Adds loan funds administered by certified Nonprofit Community Development Financial Institutions (CDFIs) for certain for-sale affordable housing projects to the list of loan priorities for the Affordable Homeownership Revolving Fund. Expands the use of moneys in the revolving fund to allow financing as matching funds for CDFIs to mobilize other funding sources. (CD1)

Issues: ✓ Housing

Bill status signed all 5 stages cleared

Introduction

Jan 2025

Committee Review

Apr 2025

Senate Passage

Apr 2025

House Passage

Apr 2025

Signed into Law

Jul 2025

Introduced Jan 17, 2025 Signed Jul 9, 2025

Maddy AI version diff · 3 comparisons

What changed between versions

SB572_HD1 → SB572_SD1 · 5 edits

MODERATE

This bill updates the Affordable Homeownership Revolving Fund to prioritize loans for mixed-income affordable housing projects and expands how funds can be used to support nonprofit community development financial institutions. The changes increase the income eligibility threshold for some loan recipients and adjust the effective date of the legislation.

Scope change

The bill expands the scope of eligible housing projects to include mixed-income affordable for-sale housing and broadens the use of fund moneys to support nonprofit CDFI matching funds.

ELIGIBILITY

Income eligibility for loan priority (1)(B) was increased from one hundred twenty per cent to one hundred twenty per cent of median family income, clarifying the threshold for remaining units in mixed-income projects.

Added a new priority category for mixed-income affordable for-sale housing projects where all units are reserved for persons and families with incomes at or below one hundred per cent of median family income.

FISCAL

Expanded allowable uses of fund moneys to explicitly include financing as matching funds for nonprofit CDFIs to mobilize other funding sources.

TIMELINE

Changed the effective date of the Act from July 1, 3000 to July 1, 2050.

TECHNICAL

Removed metadata, formatting artifacts, and page headers from the original House version, converting the document to a Senate version format.

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Apr 30, 2025

Lower · Passed

Passed Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Pierick excused (2).

lower

Apr 30, 2025

Upper · Passed

Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.

upper

Apr 25, 2025

Lower · Passed

Reported from Conference Committee (Conf Com. Rep. No. 124) as amended in (CD 1).

lower

Apr 25, 2025

Introduced

48 Hrs. Notice (as amended CD 1) 04-30-25.

upper

Apr 25, 2025

Upper · Passed

Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 124).

upper

Apr 23, 2025

Lower · Passed

The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 3 Ayes: Representative(s) Evslin, Miyake, Muraoka; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.

lower

Apr 23, 2025

Upper · Passed

The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 4 Aye(s): Senator(s) Chang, Hashimoto, Kanuha, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

upper

Apr 22, 2025

Upper · Passed

Conference committee meeting to reconvene on 04-23-25 10:30AM; Conference Room 224.

upper

Apr 21, 2025

Lower · Passed

Conference Committee Meeting will reconvene on Tuesday 04-22-25 10:30AM in conference room 224.

lower

Apr 17, 2025

Upper · Passed

Conference committee meeting scheduled for 04-21-25 10:30AM; Conference Room 224.

upper

Apr 4, 2025

Amended

Senate disagrees with House amendments.

upper

Apr 4, 2025

Introduced

Received from House (Hse. Com. No. 467).

upper

Apr 3, 2025

Lower · Passed

Passed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Woodson excused (2). Transmitted to Senate.

lower

Mar 28, 2025

Lower · Passed

The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Holt, Keohokapu-Lee Loy, Kitagawa, Kusch, Lamosao, Lee, M., Miyake, Morikawa, Templo, Alcos, Reyes Oda; Ayes with reservations: none; 0 Noes: none; and 2 Excused: Representative(s) Hussey, Ward.

lower

Mar 18, 2025

Committee

Reported from HSG (Stand. Com. Rep. No. 1348) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

lower

Mar 14, 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, Kila, Kitagawa, La Chica, Muraoka; Ayes with reservations: none; 0 Noes: none; and 2 Excused: Representative(s) Cochran, Pierick.

lower

Mar 6, 2025

Committee

Referred to HSG, FIN, referral sheet 19

lower

Mar 4, 2025

Introduced

Received from Senate (Sen. Com. No. 169) in amended form (SD 1).

lower

Mar 4, 2025

Upper · Passed

Report adopted; Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.

upper

Feb 19, 2025

Upper · Passed

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.

upper

Feb 14, 2025

Upper · Passed

The committee(s) on WAM will hold a public decision making on 02-19-25 10:02AM; Conference Room 211 & Videoconference.

upper

Feb 10, 2025

Committee

Reported from HOU (Stand. Com. Rep. No. 141) with recommendation of passage on Second Reading and referral to WAM.

upper

Jan 30, 2025

Upper · Passed

The committee(s) on HOU recommend(s) that the measure be PASSED, UNAMENDED. The votes in HOU were as follows: 4 Aye(s): Senator(s) Chang, Hashimoto, Kanuha, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Aquino.

upper

Jan 27, 2025

Upper · Passed

The committee(s) on HOU has scheduled a public hearing on 01-30-25 1:10PM; Conference Room 225 & Videoconference.

upper

Jan 23, 2025

Committee

Referred to HOU, WAM.

upper

Jan 17, 2025

Introduced

Introduced.

upper

3 primary · 0 co-sponsors