Informing the Legislature that on July 9, 2025, the Governor signed the following bill into law: SB572 SD1 HD1 CD1 (ACT 312).

This bill amends Hawaii's housing finance law to establish new income-based priorities for awarding loans to develop affordable housing. It requires the first priority for loans to go to federally funded projects that reserve at least 50% of units for households earning up to 80% of the median income (with at least 5% reserved for households earning up to 50% of the median income). The second priority applies to mixed-income housing projects where all units are reserved for households earning up to 100% of the median income. The law also expands eligible uses of loan funds to include planning, design, land acquisition, and leveraging with other financial resources to support affordable housing development.