SB 35 Hawaii Senate · 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 moneys between the Housing Efficiency and Innovation Subaccount and the RHRF without legislative approval. (SD1)

Issues: ✓ Housing

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2025

Committee Review

Jan 2025

Senate Passage

Jan 2025

House Passage

Governor

Introduced Jan 8, 2025 Last action Dec 8, 2025

Maddy AI version diff · 1 comparison

What changed between versions

SB35 → SB35_SD1 · 3 edits

MINOR

The bill was updated from a House version to a Senate First Reading version, changing the document metadata and formatting. Substantively, the text replaced the word 'funds' with 'moneys' in several instances and added a specific priority for projects owned by entities required to use financial surpluses to develop more housing.

Scope change

The bill's scope regarding eligible projects was expanded to include those owned by entities with surplus funds requirements.

TECHNICAL

Replaced the term 'funds' with 'moneys' in references to the Housing Efficiency and Innovation Subaccount and the Rental Housing Revolving Fund.

Updated document metadata, including the bill title, revision numbers, and dates, reflecting its progression to the Senate.

ELIGIBILITY

Added a new priority criterion for loans, giving preference to projects owned by entities that are required to use all financial surplus to develop more housing in the State.

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

Jan 29, 2025

Upper · Passed

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

upper

Jan 29, 2025

Committee

Reported from HOU (Stand. Com. Rep. No. 2) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Jan 23, 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 17, 2025

Upper · Passed

The committee(s) on HOU has scheduled a public hearing on 01-23-25 1:30PM; Conference Room 225 & Videoconference.

upper

Jan 16, 2025

Committee

Referred to HOU, WAM.

upper

Jan 15, 2025

Introduced

Introduced and passed First Reading.

upper

Jan 8, 2025

Introduced

Pending Introduction.

upper

2 primary · 2 co-sponsors