HB 1432 Hawaii House · 2026 Regular Session

RELATING TO HOUSING.

Summary

Adds loan funds administered by Nonprofit Community Development Financial Institutions (CDFIs) for certain for-sale affordable housing projects to list of loan priorities for the Affordable Homeownership Revolving Fund. Expands use of funds in the revolving fund to allow financing as matching funds for CDFIs to mobilize other funding sources. Effective 7/1/3000. (HD1)

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

Governor

Introduced Jan 23, 2025 Last action Dec 8, 2025

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What changed between versions

HB1432 → HB1432_HD1 · 3 edits

MINOR

The bill was amended to change its effective date from immediate approval to July 1, 3000, likely as a placeholder or clerical error. The text was also updated to clarify that the revolving fund can be used for matching funds to help nonprofit Community Development Financial Institutions (CDFIs) mobilize other funding sources for affordable housing projects.

Scope change

The bill's scope regarding the use of funds was clarified to explicitly allow the Affordable Homeownership Revolving Fund to provide matching funds to nonprofit CDFIs, expanding how these institutions can mobilize additional capital for affordable housing.

TIMELINE

The effective date of the Act was changed from 'upon approval' to 'July 1, 3000', which appears to be a significant clerical error or placeholder requiring correction.

FISCAL

The description of the Affordable Homeownership Revolving Fund was updated to explicitly state that funds can be used as matching funds for nonprofit Community Development Financial Institutions (CDFIs) to help them secure other funding sources.

TECHNICAL

Minor formatting and text cleanup changes were made, including updating the bill title, removing outdated metadata, and standardizing the capitalization of the title section.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 12, 2025

Committee

Reported from HSG (Stand. Com. Rep. No. 488) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

lower

Feb 7, 2025

Lower · Passed

The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Evslin, Miyake, Grandinetti, Kitagawa, La Chica, Muraoka, Pierick; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Cochran, Kila.

lower

Jan 27, 2025

Committee

Referred to HSG, FIN, referral sheet 4

lower

Jan 23, 2025

Introduced

Introduced and Pass First Reading.

lower

1 primary · 0 co-sponsors