SB 24 Hawaii Senate · 2026 Regular Session

RELATING TO LIMITED-PROFIT HOUSING ASSOCIATIONS.

Summary

Establishes an organizational, tax, and regulatory framework for limited-profit housing associations. Establishes the Limited-Profit Housing Council to oversee limited-profit housing associations. (SD1)

Issues: ✓ Housing

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2025

Committee Review

Feb 2025

Senate Passage

Feb 2025

House Passage

Governor

Introduced Jan 8, 2025 Last action Dec 8, 2025

Maddy AI version diff · 1 comparison

What changed between versions

SB24 → SB24_SD1 · 5 edits

MODERATE

This bill was updated from a Senate Bill (SB) to a Senate Memorial Amendment (SD1), reflecting changes made during the legislative process. The most significant substantive change is the expansion of the definition of 'qualified resident' to include housing exclusively for these residents, rather than just 'affordable' housing. Additionally, a new civil service exemption was added for the administrator of the limited-profit housing council, and the bill's effective date references were adjusted to align with the new section numbering.

Scope change

The bill's scope was narrowed regarding eligibility criteria by changing the focus from general 'affordable housing' to housing 'exclusively for qualified residents,' and the scope of civil service exemptions was expanded to include the new housing council administrator.

ELIGIBILITY

Changed references to 'affordable housing' to 'housing exclusively for qualified residents' throughout the bill to clarify that the housing must be reserved specifically for individuals meeting the statutory definition of a qualified resident.

REQUIREMENT

Added a new subsection establishing the Limited-Profit Housing Council as an independent entity within the Department of Business, Economic Development, and Tourism to oversee the new housing associations.

DEFINITION

Formally defined 'qualified resident' by referencing an existing section in the Hawaii Revised Statutes to ensure consistency in eligibility criteria.

ENFORCEMENT

Added a new civil service exemption for the administrator of the limited-profit housing council, exempting this specific position from standard civil service recruitment procedures.

TIMELINE

Adjusted section numbers in the effective date clause to reflect the new structure of the bill, changing references from Section 5 to Section 6.

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

Feb 7, 2025

Upper · Passed

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

upper

Feb 7, 2025

Committee

Reported from HOU/CPN (Stand. Com. Rep. No. 92) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM/JDC.

upper

Jan 29, 2025

Upper · Passed

The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 3 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Richards, Awa.

upper

Jan 29, 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

Jan 24, 2025

Upper · Passed

The committee(s) on HOU/CPN has scheduled a public hearing on 01-29-25 9:40AM; Conference Room 229 & Videoconference.

upper

Jan 16, 2025

Committee

Referred to HOU/CPN, WAM/JDC.

upper

Jan 15, 2025

Introduced

Introduced and passed First Reading.

upper

Jan 8, 2025

Introduced

Pending Introduction.

upper

3 primary · 0 co-sponsors