RELATING TO HOUSING.
Summary
Clarifies that dwelling units eligible under the Rent-to-Own Program shall be units that are for sale in fee simple or leasehold on state or county land under a lease with an initial term of no less than ninety-nine years. Increases the time the sale price under the program must remain fixed from five years to ten years. Effective 7/1/3000. (HD1)
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 17, 2025
Last action Feb 13, 2025
Maddy AI version diff · 1 comparison
What changed between versions
HB525
→
HB525_HD1
·
3 edits
MINOR
This bill clarifies eligibility requirements for Hawaii's rent-to-own housing program and adjusts the fixed sales price period. The changes ensure only units sold in fee simple or on state/county leasehold land with at least 99-year leases qualify, and extend the period during which the sales price remains fixed from five to ten years.
Scope change
The bill's scope remains focused on the rent-to-own housing program, but eligibility criteria are clarified and the fixed pricing period is extended.
ELIGIBILITY
Clarified that only dwelling units for sale in fee simple or leasehold on state/county land with initial terms of no less than ninety-nine years are eligible for the rent-to-own program.
REQUIREMENT
Extended the period during which the sales price must remain fixed from five years to ten years after the rental agreement is executed.
TIMELINE
Changed the effective date of the Act from January 1, 2025 to July 1, 3000.
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
1
Committee
3
Feb 13, 2025
Committee
Reported from HSG (Stand. Com. Rep. No. 583) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
lower
Feb 12, 2025
Lower · Passed
The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) Evslin, Miyake, Grandinetti, Kila, Kitagawa, La Chica, Muraoka, Pierick; Ayes with reservations: none; 0 Noes: none; and 1 Excused: Representative(s) Cochran.
lower
Jan 21, 2025
Committee
Referred to HSG, FIN, referral sheet 2
lower
Jan 21, 2025
Introduced
Introduced and Pass First Reading.
lower
Jan 17, 2025
Introduced
Pending introduction.
lower
3 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Luke Evslin
DDemocratic
P
Rachele Lamosao
DDemocratic
P
Tyson Miyake
DDemocratic
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