Specifies the conditions upon which the Hawaii Housing Finance and Development Corporation may transfer moneys from within the Rental Housing Revolving Fund to a subaccount and between subaccounts of the revolving fund. Authorizes the Rental Housing Revolving Fund to be used to provide any and all forms of financing. Expands the funding priorities of, and appropriates funds into and out of, the Mixed-Income Subaccount. Effective 7/1/3000. (HD1)
Authorizes counties to amend district boundaries involving land areas of greater than fifteen but no more than twenty-five acres for purposes of residential housing, agricultural workforce housing, long-term rental housing, or workforce fee simple ownership. Effective 7/1/3000. (HD2)
Establishes a working group within the Hawaii Housing Finance and Development Corporation to identify existing mixed-use developments in Maui County that could be acquired by the Hawaii Housing Finance and Development Corporation for use as affordable housing and commercial rental leases. Requires a report to the Legislature. Effective 7/1/3000. (HD1)
Authorizes certain counties to establish a rental unit price ceiling ordinance that prohibits a landlord from increasing the rental price of a dwelling unit at a rate that exceeds the percentage calculated and published by the county based on changes in the applicable Consumer Price Index. Beginning 8/1/2025, requires certain counties to annually calculate and publish the maximum rate at which a landlord may increase the rental price of a dwelling unit during the immediately succeeding twelve-month period. Establishes a nonrefundable Long-Term Residential Lease Tax Credit for taxpayers who own and lease a dwelling unit located in a county that has adopted a rental unit price ceiling ordinance to a person as the person's principal residence in the State pursuant to a lease agreement of a term of one year or longer. Allows the tax credit to be carried forward for up to three taxable years. Applies to taxable years beginning after 12/31/2025. Effective 7/1/2050. (SD2)
SR 1 amends Senate Rule 16 to reorganize the Hawaii Senate's standing committees for the 2026 legislative session. It creates three new committees: Higher Education (HRE) for university funding and private higher education (excluding the Hawaii P-20 K-12 initiative), Housing (HOU) for affordable housing and homelessness programs, and Judiciary (JDC) for courts, crime, and civil liberties. The Education committee now excludes higher education funding, retaining oversight of K-12 initiatives like the Hawaii P-20 program. This procedural change adjusts how legislative work is assigned and reviewed within the Senate.
Establishes the Affordable Housing Land Inventory Task Force within the Office of Planning and Sustainable Development to conduct a study, subject to legislative appropriation, on how to maximize housing development in transit-oriented development zones or other areas on state or county lands. Requires a report to the Legislature. Establishes a position. Appropriates funds. Effective 7/1/2050. (SD1)
SB 2787 authorizes the Rental Housing Revolving Fund to provide loans or grants to eligible individuals for purchasing rental housing units. This directly affects prospective landlords or property owners seeking to enter the rental market. The bill enables the fund - which typically recycles repaid loans - to finance these purchases, expanding its use beyond its current scope. This policy change aims to increase the supply of rental housing by supporting new property acquisitions through low-barrier financing. The bill is currently under review by the Housing committee.
Establishes a Teacher Workforce Housing Stipend Program to support teacher retention at public and charter schools classified as hard-to-staff. Requires reports to the Legislature. Amends the purpose and uses of the Teachers' Housing Revolving Fund. Appropriates funds. Effective 7/1/3000. (HD2)
Establishes an Agricultural Workforce Housing Working Group within the Department of Agriculture to address the shortage and challenges of agricultural workforce housing in the State. Requires reports to the Legislature. Appropriates funds. (SD1)
Provides that a tax credit for low-income housing that exceeds the taxpayer's income tax liability for a taxable year may be used as a credit against the taxpayer's income tax liability in subsequent taxable years, but not after the tenth subsequent taxable year.