HB 1733 Hawaii House · 2026 Regular Session

RELATING TO THE HOUSING LOAN AND MORTGAGE PROGRAM.

HB 1733 increases the maximum bond amount authorized under the state's Hula Mae Multifamily Housing Program, allowing more funds to finance affordable rental housing statewide. This directly affects developers building or maintaining low-income housing projects and residents relying on these affordable units. The bill raises the funding ceiling to prevent the program from hitting current limits, ensuring continued support for housing affordability. It does not change eligibility rules but expands available capital for housing projects across the state.

Bill status passed both 4 of 5 stages cleared

Introduction

Jan 2026

Committee Review

Mar 2026

House Passage

Mar 2026

Senate Passage

Mar 2026

Governor

Introduced Jan 20, 2026 Last action Mar 30, 2026

Maddy AI version diff · 3 comparisons

What changed between versions

HB1733_HD2 → HB1733_SD1 · 5 edits

MODERATE

This version of the bill updates the Hula Mae Multifamily Revenue Bond authorization ceiling from $3 billion to $4 billion to better address the affordable housing crisis. It also clarifies that bonds used for refinancing do not count toward this limit and adds a requirement for the Hawaii Housing Finance and Development Corporation to submit a detailed report on how it plans to meet housing demand by 2027.

Scope change

The bill's scope remains focused on the Housing Loan and Mortgage Program, but the funding capacity has been expanded and new reporting obligations have been added.

FISCAL

The maximum authorized amount for Hula Mae multifamily revenue bonds was increased from $3,000,000,000 to $4,000,000,000 to provide more resources for affordable rental housing.

REQUIREMENT

A new requirement mandates that the Hawaii Housing Finance and Development Corporation submit a report to the Legislature within 20 days before the 2027 regular session.

The new report must detail the corporation's plan to produce enough affordable housing at 60-140% of area median income levels, including specific land parcels selected for development.

The purpose of the Act was expanded to include clarifying the refunding bond rule and requiring the new report, in addition to increasing the bond authorization.

DEFINITION

The bill was clarified to explicitly state that revenue bonds treated as refunding bonds under the Internal Revenue Code do not count against the aggregate principal amount authorized.

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 30, 2026

Upper · Passed

Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

upper

Mar 30, 2026

Committee

Reported from HOU (Stand. Com. Rep. No. 3207) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Mar 17, 2026

Upper · Passed

The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in HOU were as follows: 4 Aye(s): Senator(s) Chang, Hashimoto, Elefante, Rhoads; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.

upper

Mar 12, 2026

Upper · Passed

The committee(s) on HOU has scheduled a public hearing on 03-17-26 1:05PM; Conference Room 225 & Videoconference.

upper

Mar 12, 2026

Committee

Referred to HOU, WAM.

upper

Mar 12, 2026

Introduced

Received from House (Hse. Com. No. 275).

upper

Mar 10, 2026

Lower · Passed

Passed Third Reading as amended in HD 2 with none voting aye with reservations; none voting no (0) and Representative(s) Kong, Pierick excused (2). Transmitted to Senate.

lower

Mar 3, 2026

Lower · Passed

The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 16 Ayes: Representative(s) Todd, Takenouchi, Hartsfield, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lee, M., Miyake, Morikawa, Perruso, Templo, Yamashita, Alcos, Gedeon, Reyes Oda; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.

lower

Feb 19, 2026

Committee

Reported from HSG (Stand. Com. Rep. No. 564-26) 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

25 primary · 0 co-sponsors