Informing the Legislature that on July 8, 2026, the Governor signed the following bill into law: HB1740 HD2 SD2 CD1 (ACT 210).

This bill amends the rules for the Hawaii Housing Finance and Development Corporation to address housing shortages by updating how "qualified residents" are defined and what restrictions apply to affordable housing units. It removes certain financial screening requirements that duplicate standard lender checks and allows deed-restricted units to be rented long-term after an initial occupancy period, rather than requiring perpetual owner-occupancy. The law also limits a qualified resident to owning a majority interest in no more than one dwelling property at a time, requiring the sale of any additional property within two years. These changes aim to reduce administrative burdens, prevent vacant investment holdings, and ensure that affordable housing remains available to local residents without unnecessarily restricting household mobility.