Housing (Housing Finance)

in committee · Hawaii · Senate Dec 8, 2025

SB 1131: RELATING TO TAXATION.

Imposes an excise tax on certain hedge funds failing to dispose of excess single-family residences, escalating over a ten-year period. Imposes a tax on any newly acquired single-family residences by a hedge fund. Makes certain exemptions. Requires the Department of Taxation to establish a certification process to ensure buyers of homes sold by hedge funds are not major investors in residential real estate. Establishes the Housing Down Payment Trust Fund to be administered by the Hawaii Housing Finance and Development Corporation to provide grants to establish new or supplement existing programs that provide down payment assistance to families purchasing homes within the State. Allocates collected tax revenue and penalties paid by hedge funds to the Housing Down Payment Trust Fund. Applies to taxable years beginning after 12/31/2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes excise tax on hedge funds to fund Housing Down Payment Trust Fund, advancing public housing initiatives through targeted taxation.95% confidence ✓ HousingSupports HousingImposes tax on hedge funds holding homes to increase availability and creates Housing Down Payment Trust Fund for affordability, directly advancing housing access.95% confidence

Sub-Topics Procurement Revenue Sales Tax Homeownership Housing Finance Property Development

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in committee · Hawaii · Senate Dec 8, 2025

SB 627: RELATING TO DOWN PAYMENTS.

Establishes within the Hawaii Housing Finance and Development Corporation a current and returning resident down payment program to provide matching funds for the down payment on a primary residence. Appropriates moneys and establishes positions.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates state funds for a down payment program targeting residents, directly funding a housing initiative through budget allocation.95% confidence ✓ HousingSupports HousingEstablishes down payment matching program via HHFDC to increase homeownership access for residents, directly funding affordable housing initiatives.95% confidence

Sub-Topics Homeownership Housing Finance Property Development

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passed · Hawaii · Senate Dec 8, 2025

SB 749: RELATING TO HOUSING.

Requires rental housing projects to maintain, in perpetuity, fifty per cent of the project's units for certain low-income tenants to be eligible for assistance under the Hawaii Housing Finance and Development Corporation's rental assistance program.

Topics ✓ HousingSupports HousingMandates 50% low-income units for HHFDC rental assistance, directly increasing affordable housing access and strengthening tenant protections.95% confidence

Sub-Topics Housing Finance Property Development Renters

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in committee · Hawaii · House Feb 6, 2026

HB 2625: RELATING TO HOUSING.

Establishes the Vacant and Blighted Residential Property Redevelopment Program within the Hawaii Housing Finance and Development Corporation. Appropriates funds.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates funds for housing redevelopment program and includes real property tax exemption, directly funding a program and offering tax relief.90% confidence ✓ HousingSupports HousingEstablishes Vacant and Blighted Property Redevelopment Program with dedicated funding/appropriations to advance affordable housing development through property reclamation.95% confidence

Sub-Topics Community Development Housing Finance Property Taxes

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in committee · Hawaii · Senate Feb 3, 2026

SB 2063: RELATING TO THE RENTAL HOUSING REVOLVING FUND.

Revises the Mixed-Income Subaccount within the Rental Housing Revolving Fund by modifying the priority list for project funding and adding new project priority criteria. Authorizes fund transfers between the Mixed-Income Subaccount without legislative approval. Authorizes conveyance tax revenues deposited into the Rental Housing Revolving Fund to be transferred to the Mixed-Income Subaccount. Appropriates funds. Effective 7/1/2050.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill appropriates conveyance tax revenues to fund housing projects via the Mixed-Income Subaccount, directly advancing fiscal management of state tax revenues for housing programs.92% confidence ✓ HousingSupports HousingModifies funding priorities to support mixed-income housing projects via the Rental Housing Revolving Fund, increasing affordable housing access through dedicated funding mechanisms.95% confidence

Sub-Topics Affordable Housing Historic Preservation Housing Finance

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in committee · Hawaii · Senate Jan 30, 2026

SB 3036: RELATING TO HOUSING.

Repeals the sunset date of Act 45, Session Laws of Hawaii 2024, thereby making permanent the authority of the counties to share in facilitating the development, construction, financing, refinancing, or other provision of mixed-use developments, including low- and moderate-income housing projects, and issue county bonds for this purpose.

Topics ✓ HousingSupports HousingRepeals sunset date to permanently enable counties to fund/develop low/moderate-income housing via bonds and facilitate mixed-use projects, directly advancing affordable housing goals.95% confidence

Sub-Topics Housing Finance Mortgages Property Development

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passed · Hawaii · Senate Dec 8, 2025

SB 759: RELATING TO THE HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION.

Adds the Chairperson of the Department of Hawaiian Home Lands, or the Chairperson's designee, to the Hawaii Housing Finance and Development Corporation Board of Directors. Amends quorum requirements for the Hawaii Housing Finance and Development Corporation Board of Directors.

Topics ✓ HousingSupports HousingAdds DHHL leadership to HHFDC board, improving coordination for Hawaiian home lands housing programs, supporting housing development and management.85% confidence

Sub-Topics Housing Finance Property Development

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passed both · Hawaii · House Apr 2, 2026

HB 1325: RELATING TO HOUSING.

Requires developers developing an affordable housing project under the Hawaii Housing Finance and Development Corporation to assist certain tenants who are subject to displacement or eviction by the proposed project by: granting those tenants the right of first refusal of a comparable unit in the housing project or establishing a fund to provide relocation benefits and offer assistance; providing information, either directly or through a contracted service, on how to obtain assistance and exercise the right of first refusal; and establishing procedures to track and maintain communication with those tenants. Establishes consequences for a developer's noncompliance. Takes effect 7/1/2050. (SD1)

Topics ✓ HousingSupports HousingMandates relocation assistance and right of first refusal for displaced tenants in affordable housing projects, strengthening tenant protections under HHFDC programs.90% confidence

Sub-Topics Affordable Housing Housing Finance Tenant Rights

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in committee · Hawaii · Senate Feb 10, 2026

SB 3312: RELATING TO HOUSING.

SB 3312 creates a state income tax credit program to encourage commercial property owners to convert vacant or underused buildings (like stores or offices) into residential housing. The bill directly affects property owners who complete such conversions, offering them a tax credit to offset costs. Key provisions include appropriating state funds to cover the credit value and establishing eligibility criteria for qualifying properties. This policy aims to increase housing supply by making commercial-to-residential conversions financially attractive, without specifying target locations or housing types.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax credit (taxation) and appropriates state funds (budget), directly using both tools to fund housing conversion program.95% confidence ✓ HousingSupports HousingBill creates tax credits for converting commercial buildings to residential housing, directly increasing housing supply through financial incentives to property owners.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Affordable Housing Historic Preservation Housing Finance

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passed both · Hawaii · House Mar 30, 2026

HB 1732: RELATING TO HOUSING.

Establishes the Kamaaina Homes Pilot Program within the Hawaii Housing Finance and Development Corporation to provide funding to a county, to be designated by the Corporation, to purchase voluntary deed restrictions from eligible homebuyers. Sunsets 6/30/2032. Effective 7/1/3000. (SD1)

Topics ✓ HousingSupports HousingEstablishes Kamaaina Homes Program to fund counties purchasing voluntary deed restrictions, securing long-term affordability for homebuyers through HHFDC.95% confidence

Sub-Topics Housing Finance Property Development

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