Informing the Legislature that on July 8, 2026, the Governor signed the following bill into law: SB2544 SD2 HD1 CD1 (ACT 216).

This bill establishes a five-year pilot program called "Hawaii Builds" within the Hawaii Housing Finance and Development Corporation to address the state's shortage of affordable housing for middle-income families. The program allows the corporation to use up to $20 million per year from its revolving fund for predevelopment activities like land acquisition and design, while requiring interagency coordination to speed up project timelines. To qualify, projects must be located on sites with adequate infrastructure, preferably in residential zones, and ensure all units meet specific affordability standards. Additionally, the law mandates that at least one such pilot project be designated in each county to promote statewide participation.