HB 417 Hawaii House · 2026 Regular Session

RELATING TO THE RENTAL HOUSING REVOLVING FUND.

Summary

Establishes the Housing Efficiency and Innovation Subaccount within the Rental Housing Revolving Fund. Specifies permissible uses of funding and priorities. Authorizes the Hawaii Housing Finance and Development Corporation to transfer funds between the Housing Efficiency and Innovation Subaccount and the Rental Housing Revolving Fund without legislative approval. Appropriates funds. Takes effect 7/1/2050. (SD1)

Issues: ✓ Housing

Bill status passed both 4 of 5 stages cleared

Introduction

Jan 2025

Committee Review

Mar 2025

House Passage

Mar 2025

Senate Passage

Mar 2025

Governor

Introduced Jan 16, 2025 Last action Dec 8, 2025

Maddy AI version diff · 2 comparisons

What changed between versions

HB417_HD1 → HB417_SD1 · 5 edits

MODERATE

The bill was revised to expand the types of financing allowed for rental housing projects, adding equity investments and credit enhancement alongside traditional loans. It also introduced a new 'Housing Efficiency and Innovation Subaccount' to fund diverse housing types, including rent-to-own and for-sale options, with specific priorities for government employees and mixed-income communities. The effective date was changed from the distant future of 2030 to 2050, and appropriations were added to fund these initiatives.

Scope change

The bill's scope expanded from strictly funding rental housing loans to include equity investments, credit enhancement, and for-sale/rent-to-own projects.

ELIGIBILITY

Expanded permitted uses of funds to include equity investments and credit enhancement, not just loans.

Added priority for projects prioritizing government employees and mixed-income housing.

FISCAL

Created a new 'Housing Efficiency and Innovation Subaccount' to support diverse housing projects.

Added specific appropriations for the new subaccount and a 99-year leasehold project.

TIMELINE

Changed the effective date from July 1, 2030 to July 1, 2050.

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 21, 2025

Upper · Passed

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

upper

Mar 21, 2025

Committee

Reported from HOU (Stand. Com. Rep. No. 1292) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Mar 18, 2025

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, Aquino, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Kanuha.

upper

Mar 14, 2025

Upper · Passed

The committee(s) on HOU has scheduled a public hearing on 03-18-25 1:10PM; Conference Room 225 & Videoconference.

upper

Mar 6, 2025

Committee

Referred to HOU, WAM.

upper

Mar 6, 2025

Introduced

Received from House (Hse. Com. No. 232).

upper

Mar 4, 2025

Lower · Passed

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

lower

Feb 25, 2025

Lower · Passed

The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Holt, Hussey, Keohokapu-Lee Loy, Kusch, Lamosao, Lee, M., Miyake, Morikawa, Templo, Alcos, Reyes Oda; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Kitagawa, Ward.

lower

Feb 12, 2025

Committee

Reported from HSG (Stand. Com. Rep. No. 483) 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 21, 2025

Committee

Referred to HSG, FIN, referral sheet 1

lower

Jan 17, 2025

Introduced

Introduced and Pass First Reading.

lower

Jan 16, 2025

Introduced

Pending introduction.

lower

1 primary · 0 co-sponsors