HB 1009 Hawaii House · 2026 Regular Session

RELATING TO THE DWELLING UNIT REVOLVING FUND.

Summary

Makes the Dwelling Unit Revolving Fund Equity Pilot Program permanent. Allows partial or full repayment of Dwelling Unit Revolving Fund interim loans in the form of unit equity through the Dwelling Unit Revolving Fund Equity Program. Effective 7/1/3000. (HD1)

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2025

Committee Review

Mar 2025

House Passage

Mar 2025

Senate Passage

Governor

Introduced Jan 21, 2025 Last action Dec 8, 2025

Maddy AI version diff · 1 comparison

What changed between versions

HB1009 → HB1009_HD1 · 5 edits

MODERATE

The bill was updated to reflect House Draft 1 changes, primarily correcting a typo in the effective date from July 1, 2023, to July 1, 3000, and reorganizing the statutory text for clarity. The core policy regarding the Dwelling Unit Revolving Fund Equity Program remains substantively unchanged, though the text was restructured to better define how funds can be used and how the program operates.

Scope change

The scope of the bill's applicability remains the same, but the effective date of the program was technically altered to a future date of July 1, 3000, likely as a placeholder or error during the drafting process.

TIMELINE

The effective date of the Act was changed from July 1, 2023, to July 1, 3000, which appears to be a drafting error requiring correction.

TECHNICAL

The order of 'part III' and 'subpart I' in the amendment description was swapped to improve statutory clarity.

Several obsolete metadata lines regarding file names, dates, and printer settings were removed from the document header.

REQUIREMENT

The conditions for repaying the corporation's equity were slightly rephrased to include 'non-owner occupancy' as a specific trigger event alongside refinance and transfer of title.

FISCAL

The list of allowable uses for revolving fund money was reorganized into numbered items for better readability, though the specific purposes remain identical.

Floor votes

How they voted

This bill passed the House. No roll call record of that vote is available.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 6, 2025

Committee

Referred to HOU, WAM.

upper

Mar 6, 2025

Introduced

Received from House (Hse. Com. No. 321).

upper

Mar 4, 2025

Lower · Passed

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

lower

Feb 25, 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, Hussey, Keohokapu-Lee Loy, Kusch, Lamosao, Lee, M., Miyake, Morikawa, Templo, Alcos, Reyes Oda; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Kitagawa, Ward.

lower

Feb 12, 2025

Committee

Reported from HSG (Stand. Com. Rep. No. 485) 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 23, 2025

Committee

Referred to HSG, FIN, referral sheet 3

lower

Jan 23, 2025

Introduced

Introduced and Pass First Reading.

lower

Jan 21, 2025

Introduced

Pending introduction.

lower

1 primary · 0 co-sponsors