Informing the Legislature that on July 8, 2026, the Governor signed the following bill into law: SB2060 SD2 HD1 CD1 (ACT 212).

This bill, signed into law as Act 212, establishes a new Rental Housing Revolving Fund to support the development, construction, and preservation of affordable rental housing in Hawaii. The fund will be administered by the state corporation and can be financed through legislative appropriations, conveyance taxes, private donations, loan repayments, and interest. It provides various forms of financial assistance, including loans, equity investments, and credit enhancement, with a specific priority given to projects that include a significant number of very low-income units. The legislation also defines a "mixed-income rental project" as a development offering units to households at different income levels, primarily those earning at or below 140% of the area median income.