HB 576 Hawaii House · 2026 Regular Session

RELATING TO RESTRICTIONS ON THE TRANSFER OF REAL PROPERTY UNDER CHAPTER 201H, HAWAII REVISED STATUTES.

Summary

Exempts transfers of Hawaiian Home Lands from transfer restrictions for real property under housing development programs of the Hawaii Housing Finance and Development Corporation. Effective 7/1/3000. (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 17, 2025 Last action Dec 8, 2025

Maddy AI version diff · 3 comparisons

What changed between versions

HB576_HD2 → HB576_SD1 · 6 edits

MODERATE

The bill significantly restructures the restrictions on transferring affordable housing to give the developer more flexibility and add new protections. It introduces a new 'shared appreciation' fee that the developer can collect when a home is sold for more than its fair market value, and it adds a new option for a nonprofit housing trust to buy the property if the developer chooses not to. The bill also clarifies rules for refinancing, foreclosure, and exemptions for specific types of housing.

Scope change

The bill expands the scope of financial recovery for developers by adding a 'shared appreciation' fee and creates a new pathway for nonprofit housing trusts to acquire units, while simultaneously adding specific exemptions for Hawaiian Home Lands and market-priced units.

FISCAL

Added a new fee category called 'shared appreciation' that allows the developer to receive a portion of the profit when a home is sold for more than its fair market value.

ELIGIBILITY

Created a new option for a qualified nonprofit housing trust to purchase the property if the developer waives their first right to buy it.

REQUIREMENT

Modified the refinancing rules to allow refinancing after ten years if the new loan amount does not exceed the original purchase price.

ENFORCEMENT

Added specific requirements for developers to clearly state subsidy terms in contracts and for mortgage lenders to notify the developer before foreclosure.

SCOPE

Added exemptions for transfers of Hawaiian Home Lands and market-priced units in integrated housing projects.

TIMELINE

Changed the effective date of the bill to July 1, 3000, with a specific clause ensuring the amendments remain in effect until June 30, 2028.

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 HWN/HOU (Stand. Com. Rep. No. 1282) 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: 5 Aye(s): Senator(s) Chang, Hashimoto, Aquino, Kanuha, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

upper

Mar 18, 2025

Upper · Passed

The committee(s) on HWN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in HWN were as follows: 4 Aye(s): Senator(s) Richards, San Buenaventura, Ihara, Keohokalole; Aye(s) with reservations: none ; 1 No(es): Senator(s) DeCorte; and 0 Excused: none.

upper

Mar 12, 2025

Upper · Passed

The committee on HOU has deleted the measure from decision making scheduled on 03-13-25 1:00PM; CR 225 & Videoconference.

upper

Mar 7, 2025

Upper · Passed

The committee(s) on HWN/HOU has scheduled a public hearing on 03-11-25 1:05PM; Conference Room 225 & Videoconference.

upper

Mar 6, 2025

Committee

Referred to HWN/HOU, WAM.

upper

Mar 6, 2025

Introduced

Received from House (Hse. Com. No. 258).

upper

Mar 4, 2025

Lower · Passed

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

lower

Feb 26, 2025

Lower · Passed

The committee on JHA recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 9 Ayes: Representative(s) Tarnas, Poepoe, Belatti, Hashem, Perruso, Takayama, Todd, Garcia, Shimizu; Ayes with reservations: none; 0 Noes: none; and 2 Excused: Representative(s) Cochran, Kahaloa.

lower

Feb 13, 2025

Committee

Reported from HSG (Stand. Com. Rep. No. 584) as amended in HD 1, recommending passage on Second Reading and referral to JHA.

lower

Feb 12, 2025

Lower · Passed

The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) Evslin, Miyake, Grandinetti, Kila, Kitagawa, La Chica, Muraoka, Pierick; Ayes with reservations: none; 0 Noes: none; and 1 Excused: Representative(s) Cochran.

lower

Jan 21, 2025

Committee

Referred to HSG, JHA, referral sheet 2

lower

Jan 21, 2025

Introduced

Introduced and Pass First Reading.

lower

Jan 17, 2025

Introduced

Pending introduction.

lower

6 primary · 0 co-sponsors