SR 60 Hawaii Senate · 2025 Regular Session

DECLARING THE INTENT THAT PROJECTS WITH HOUSING UNITS THAT QUALIFY FOR HOUSING CREDITS UNDER ACT 31, SESSION LAWS OF HAWAII 2024, ARE STILL ELIGIBLE TO RECEIVE HOUSING CREDITS AFTER THE REPEAL OF ACT 31 IF THE HOUSING PROJECTS WERE APPROVED BY THE HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION BEFORE JULY 1, 2031, AND REQUESTING THE CORPORATION AND EACH COUNTY TO INCLUDE CERTAIN INFORMATION WHEN APPROVING HOUSING PROJECTS FOR HOUSING CREDITS.

Senate Resolution 60 clarifies that housing projects approved by the Hawaii Housing Finance and Development Corporation (HHFDC) before July 1, 2031, will retain eligibility for housing credits under Act 31 (2024) even after Act 31 is repealed. It requests HHFDC and all counties to include three specific details in project approvals: a developer's credit rights statement, the number of qualifying units, and available credits. This resolution directly affects housing developers and local governments administering housing credit programs.

Sub-Topics: Housing Finance Property Development

Bill status passed 3 of 5 stages cleared

Introduction

Mar 2025

Committee Review

Apr 2025

Senate Passage

Apr 2025

House Passage

Governor

Introduced Mar 7, 2025 Last action Apr 2, 2025

Maddy AI version diff · 1 comparison

What changed between versions

SR60 → SR60_SD1 · 4 edits

MODERATE

The bill was reformatted from a traditional legislative document to a structured data format with metadata fields, while preserving the original policy content regarding housing credit eligibility. The substantive policy remains unchanged: projects approved before July 1, 2031, will still qualify for housing credits even after Act 31 is repealed. The changes are primarily technical/formatting rather than policy modifications.

TECHNICAL

Removed traditional legislative header formatting including page numbers, session information, and decorative elements

Added structured metadata fields including timestamps, document identifiers, and language settings

Converted text layout from paragraph-based to line-based structured format with metadata prefixes

POLICY

Core policy content regarding housing credit eligibility and Act 31 repeal provisions remains substantively identical

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 2, 2025

Upper · Passed

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

upper

Apr 1, 2025

Upper · Passed

Reported from HOU (Stand. Com. Rep. No. 1478) with recommendation of adoption, as amended (SD 1).

upper

Mar 18, 2025

Upper · Passed

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, Hashimoto, Aquino, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Kanuha.

upper

Mar 12, 2025

Upper · Passed

The committee(s) on HOU has scheduled a public hearing on 03-18-25 1:10PM; Conference Room 225 & Videoconference.

upper

Mar 11, 2025

Committee

Referred to HOU.

upper

Mar 7, 2025

Introduced

Offered.