HB 1723 Hawaii House · 2026 Regular Session

RELATING TO THE RENTAL HOUSING REVOLVING FUND.

Summary

Specifies the conditions upon which the Hawaii Housing Finance and Development Corporation may transfer moneys from within the Rental Housing Revolving Fund to a subaccount and between subaccounts of the revolving fund. Authorizes the Rental Housing Revolving Fund to be used to provide any and all forms of financing. Expands the funding priorities of, and appropriates funds into and out of, the Mixed-Income Subaccount. Effective 7/1/3000. (HD1)

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2026

Committee Review

Floor Vote

Governor

Introduced Jan 20, 2026 Last action Feb 19, 2026

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What changed between versions

HB1723 → HB1723_HD1 · 5 edits

MODERATE

This bill amends the Rental Housing Revolving Fund statutes to allow the housing corporation to transfer money between the main fund and subaccounts without needing new legislative approval. It also expands the types of financing the fund can provide and updates the priority list for mixed-income projects to emphasize efficient use of state funding and perpetual affordability. Finally, it corrects the effective date of the act from the distant year 2050 to 3000 and removes the repeal of a conveyance tax section.

Scope change

The bill expands the operational flexibility of the Rental Housing Revolving Fund by authorizing internal transfers between the main fund and subaccounts without legislative approval and broadening the scope of allowable financing activities.

FISCAL

Authorized the housing corporation to transfer money between the main fund and subaccounts without requiring new legislative approval.

ELIGIBILITY

Expanded the fund's authority to provide any and all forms of financing, including equity investments and credit enhancement, rather than just loans.

REQUIREMENT

Updated project priority criteria to prioritize efficient use of state funding and projects with perpetual affordability commitments.

TIMELINE

Corrected the effective date of the act from July 1, 2050, to July 1, 3000, and removed provisions repealing a conveyance tax section.

TECHNICAL

Reorganized the bill structure by adding a new section regarding fund transfers and modifying the section numbering for subsequent amendments.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 19, 2026

Committee

Reported from HSG (Stand. Com. Rep. No. 566-26) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

lower

Feb 11, 2026

Lower · Passed

The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 9 Ayes: Representative(s) Evslin, Miyake, Cochran, Grandinetti, Kila, Kitagawa, La Chica, Muraoka, Pierick; Ayes with reservations: none; Noes: none; and Excused: none.

lower

Jan 26, 2026

Committee

Referred to HSG, FIN, referral sheet 1

lower

Jan 21, 2026

Introduced

Introduced and Pass First Reading.

lower

Jan 20, 2026

Introduced

Prefiled.

lower

1 primary · 0 co-sponsors