SB 1229 Hawaii Senate · 2026 Regular Session

RELATING TO THE DWELLING UNIT REVOLVING FUND.

Summary

Extends the Dwelling Unit Revolving Fund Equity Pilot Program to 6/30/2030. Gives preference to for-sale housing development projects developed under governmental assistance programs approved by the Hawaii Housing Finance and Development Corporation. Effective 7/1/3000. (HD1)

Issues: ✓ Housing

Bill status passed both 4 of 5 stages cleared

Introduction

Jan 2025

Committee Review

Apr 2025

Senate Passage

Mar 2025

House Passage

Apr 2025

Governor

Introduced Jan 21, 2025 Last action Apr 2, 2026

Maddy AI version diff · 3 comparisons

What changed between versions

SB1229_SD1 → SB1229_SD2 · 4 edits

MODERATE

This bill extends the Dwelling Unit Revolving Fund Equity Pilot Program from a five-year pilot ending in 2028 to a permanent program lasting until 2030. It also changes the effective date of the new provisions to July 1, 2050, and updates eligibility criteria to require buyers to be bona fide residents who do not hold a majority interest in residential real property.

Scope change

The program's duration was extended from a temporary five-year pilot to a permanent initiative running through 2030.

TIMELINE

The program's end date was changed from June 30, 2028, to June 30, 2030, making the pilot permanent.

The effective date of the bill was changed from immediate approval to July 1, 2050.

ELIGIBILITY

Eligibility requirements for buyers were updated to require them to be bona fide residents of the state and to not hold a majority interest in any residential real property.

REQUIREMENT

The bill now requires the corporation to give preference to housing projects developed under specific government assistance programs.

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

Amendments

Apr 25, 2025

Upper · Passed

Conference committee meeting to reconvene on 04-25-25 4:30 PM; Conference Room 225.

upper

Apr 25, 2025

Upper · Passed

Conference committee meeting to reconvene on 04-25-25 3:30 PM; Conference Room 016.

upper

Apr 24, 2025

Upper · Passed

Conference committee meeting to reconvene on 04-25-25 10:30AM; Conference Room 224.

upper

Apr 23, 2025

Upper · Passed

Conference committee meeting to reconvene on 04-24-25 10:30AM; Conference Room 224.

upper

Apr 22, 2025

Upper · Passed

Conference committee meeting to reconvene on 04-23-25 10:30AM; Conference Room 224.

upper

Apr 21, 2025

Lower · Passed

Conference Committee Meeting will reconvene on Tuesday 04-22-25 10:30AM in conference room 224.

lower

Apr 17, 2025

Upper · Passed

Conference committee meeting scheduled for 04-21-25 10:30AM; Conference Room 224.

upper

Apr 4, 2025

Amended

Senate disagrees with House amendments.

upper

Apr 4, 2025

Introduced

Received from House (Hse. Com. No. 483).

upper

Apr 3, 2025

Lower · Passed

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

lower

Mar 28, 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, Keohokapu-Lee Loy, Kitagawa, Kusch, Lamosao, Lee, M., Miyake, Morikawa, Templo, Alcos, Reyes Oda; Ayes with reservations: none; 0 Noes: none; and 2 Excused: Representative(s) Hussey, Ward.

lower

Mar 18, 2025

Committee

Reported from HSG (Stand. Com. Rep. No. 1347) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

lower

Mar 14, 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, Kila, Kitagawa, La Chica, Muraoka; Ayes with reservations: none; 0 Noes: none; and 2 Excused: Representative(s) Cochran, Pierick.

lower

Mar 6, 2025

Committee

Referred to HSG, FIN, referral sheet 19

lower

Mar 4, 2025

Introduced

Received from Senate (Sen. Com. No. 279) in amended form (SD 2).

lower

Mar 4, 2025

Upper · Passed

Report adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.

upper

Feb 19, 2025

Upper · Passed

The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

upper

Feb 14, 2025

Upper · Passed

The committee(s) on WAM will hold a public decision making on 02-19-25 10:02AM; Conference Room 211 & Videoconference.

upper

Feb 10, 2025

Upper · Passed

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

upper

Feb 10, 2025

Committee

Reported from HOU (Stand. Com. Rep. No. 144) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Jan 30, 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, Kanuha, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Aquino.

upper

Jan 27, 2025

Upper · Passed

The committee(s) on HOU has scheduled a public hearing on 01-30-25 1:10PM; Conference Room 225 & Videoconference.

upper

Jan 27, 2025

Committee

Referred to HOU, WAM.

upper

Jan 23, 2025

Introduced

Introduced and passed First Reading.

upper

Jan 21, 2025

Introduced

Pending Introduction.

upper

5 primary · 1 co-sponsor