HB 1724 Hawaii House · 2026 Regular Session

RELATING TO THE HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION.

Summary

Makes the Dwelling Unit Revolving Fund Equity Pilot Program permanent, with modifications that include changing the method for computation of interest for purchasers of certain real property. Expands the use of proceeds in the Dwelling Unit Revolving Fund to include purchasing equity in for-sale housing development projects and interim primary or secondary financing. Exempts disbursements from the Affordable Homeownership Revolving Fund from appropriation and allotment requirements. Effective 7/1/2050. (SD1)

Bill status passed both 4 of 5 stages cleared

Introduction

Jan 2026

Committee Review

Mar 2026

House Passage

Mar 2026

Senate Passage

Mar 2026

Governor

Introduced Jan 20, 2026 Last action Mar 30, 2026

Maddy AI version diff · 3 comparisons

What changed between versions

HB1724_HD2 → HB1724_SD1 · 4 edits

MODERATE

This bill was revised to transition from a House Draft (HD2) to a Senate Draft (SD1), updating administrative metadata such as author names and revision numbers. The substantive policy changes include renaming the 'Affordable Housing Revolving Fund' to the 'Affordable Homeownership Revolving Fund' and shifting the effective date from the distant year 3000 to 2050. Additionally, the definition of eligible residents was narrowed from 'state residents' to 'qualified residents,' and a minor formatting adjustment was made to the definition of a housing development project.

Scope change

The bill's scope was narrowed by changing the eligibility criteria from all 'state residents' to 'qualified residents,' and the fund name was updated to reflect 'Homeownership.' The effective date was moved from 3000 to 2050.

ELIGIBILITY

Changed the eligibility for the housing program from 'state residents' to 'qualified residents,' potentially restricting who can access the funds.

DEFINITION

Renamed the 'Affordable Housing Revolving Fund' to the 'Affordable Homeownership Revolving Fund' to better reflect the program's focus.

TIMELINE

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

TECHNICAL

Adjusted the definition of a 'housing development project' by removing the phrase 'to be acquired or constructed' regarding community facilities, though the overall meaning remains largely similar.

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

Mar 30, 2026

Upper · Passed

Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

upper

Mar 30, 2026

Committee

Reported from HOU (Stand. Com. Rep. No. 3205) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Mar 17, 2026

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, Elefante, Rhoads; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.

upper

Mar 13, 2026

Upper · Passed

The committee(s) on HOU added the measure to the public hearing scheduled on 03-17-26 1:05PM; CR 225 & Videoconference.

upper

Mar 12, 2026

Committee

Referred to HOU, WAM.

upper

Mar 12, 2026

Introduced

Received from House (Hse. Com. No. 271).

upper

Mar 10, 2026

Lower · Passed

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

lower

Mar 2, 2026

Lower · Passed

The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 15 Ayes: Representative(s) Todd, Takenouchi, Hartsfield, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lee, M., Miyake, Morikawa, Perruso, Templo, Yamashita, Gedeon, Reyes Oda; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Alcos.

lower

Feb 19, 2026

Committee

Reported from HSG (Stand. Com. Rep. No. 570-26) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

lower

Feb 11, 2026

Lower · Passed

The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 9 Ayes: Representative(s) Evslin, Miyake, Cochran, Grandinetti, Kila, Kitagawa, La Chica, Muraoka, Pierick; Ayes with reservations: none; Noes: none; and Excused: none.

lower

Jan 26, 2026

Committee

Referred to HSG, FIN, referral sheet 1

lower

Jan 21, 2026

Introduced

Introduced and Pass First Reading.

lower

Jan 20, 2026

Introduced

Prefiled.

lower

19 primary · 0 co-sponsors