Housing across the country

introduced · Hawaii · Senate Jul 9, 2026

GM 1315: Informing the Legislature that on July 8, 2026, the Governor signed the following bill into law: SB2069 SD2 HD1 CD2 (ACT 213).

This bill extends the Dwelling Unit Revolving Fund equity pilot program in Hawaii from June 2028 to June 2031, allowing the state housing finance corporation to continue helping qualified buyers purchase homes at reduced prices. The program specifically targets residents in critical shortage professions like healthcare and education by having the state purchase a share of equity in new homes, which lowers the purchase price for the buyer. Additionally, the law requires that these equity purchases be limited to homes located in transit-oriented development zones, such as areas near major bus routes or transit hubs. By amending existing statutes, the bill ensures that the program's requirements and eligibility rules remain in effect through the extended deadline.

Topics ✓ HousingSupports HousingBill extends a housing finance program to help qualified buyers purchase homes at reduced prices, directly advancing affordable housing.90% confidence

Sub-Topics Housing Finance Property Development

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introduced · Hawaii · Senate Jul 9, 2026

GM 1314: Informing the Legislature that on July 8, 2026, the Governor signed the following bill into law: SB2060 SD2 HD1 CD1 (ACT 212).

This bill, signed into law as Act 212, establishes a new Rental Housing Revolving Fund to support the development, construction, and preservation of affordable rental housing in Hawaii. The fund will be administered by the state corporation and can be financed through legislative appropriations, conveyance taxes, private donations, loan repayments, and interest. It provides various forms of financial assistance, including loans, equity investments, and credit enhancement, with a specific priority given to projects that include a significant number of very low-income units. The legislation also defines a "mixed-income rental project" as a development offering units to households at different income levels, primarily those earning at or below 140% of the area median income.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes a new Rental Housing Revolving Fund financed by legislative appropriations and taxes to fund affordable housing, directly advancing budget and taxation for public services.90% confidence ✓ HousingSupports HousingBill establishes a new fund to finance affordable rental housing development and preservation.95% confidence

Sub-Topics Property Development Renters

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introduced · Hawaii · Senate Jul 14, 2026

GM 1343: Informing the Legislature that on July 13, 2026, the Governor signed the following bill into law: HB1713 HD1 SD1 CD1 (ACT 241).

This bill, signed into law by Governor Josh Green on July 13, 2026, modifies how school impact fees are applied to residential developments in Hawaii to address housing costs. It directly affects developers and housing projects by expanding exemptions from these fees for smaller developments with fewer than 500 units, affordable housing, and other specific property types. The legislation also clarifies the procedures for paying fees in lieu of land dedications and removes previous reporting requirements while reorganizing related fee accounts. Ultimately, the act aims to reduce financial barriers for smaller housing projects while maintaining contributions from larger developments that significantly increase school enrollment.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill reduces school impact fees for affordable housing and smaller developments, lowering costs and promoting fiscal relief for housing projects.85% confidence ✓ HousingSupports HousingBill reduces school impact fees for affordable housing and smaller developments, lowering costs to advance housing availability.85% confidence

Sub-Topics Affordable Housing

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introduced · Hawaii · Senate Jul 9, 2026

GM 1316: Informing the Legislature that on July 8, 2026, the Governor signed the following bill into law: HB2270 HD1 SD1 CD1 (ACT 214).

This bill, signed into law as Act 214, amends Hawaii statutes to update the rules for the state's downpayment loan assistance program. It directly affects eligible homebuyers by defining how they can receive financial help for purchasing residential property. The key provisions allow the state corporation to provide loans covering up to 15% of a home's price or $60,000, whichever is less, with interest rates set based on federal requirements and market conditions. To qualify, borrowers must be U.S. citizens or resident aliens, live in Hawaii, complete a homeownership counseling program, and contribute at least 3% of the purchase price themselves. The bill also specifies that these loans must be used strictly for downpayments and closing costs, and the property cannot be sold without the lender's approval.

Topics ✓ HousingSupports HousingBill expands downpayment assistance for homebuyers, directly funding affordable housing initiatives and strengthening access to residential property.90% confidence

Sub-Topics Homeownership

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introduced · Hawaii · Senate Jul 9, 2026

GM 1319: Informing the Legislature that on July 8, 2026, the Governor signed the following bill into law: SB2552 SD1 HD1 CD1 (ACT 217).

This bill, signed into law by the Governor on July 8, 2026, amends Hawaii's Individual Housing Account Program to increase the tax benefits available to residents saving for a home. It directly affects Hawaii residents who wish to purchase their first principal residence by raising the maximum annual tax deduction for contributions to these accounts from $5,000 to $20,000 for individuals and from $10,000 to $40,000 for married couples filing jointly. Additionally, the bill increases the lifetime contribution limit for these accounts from $25,000 to $200,000 per individual or couple. The legislation also updates the definition of an eligible financial institution to include depository services loan companies, ensuring that contributions made to these accounts can be deducted from taxable income.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill increases tax deductions for housing savings, providing tax relief and encouraging home ownership.90% confidence ✓ HousingSupports HousingBill increases tax deductions for Individual Housing Accounts, directly funding and encouraging home ownership for residents.90% confidence

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introduced · Hawaii · Senate Jul 9, 2026

GM 1318: Informing the Legislature that on July 8, 2026, the Governor signed the following bill into law: SB2544 SD2 HD1 CD1 (ACT 216).

This bill establishes a five-year pilot program called "Hawaii Builds" within the Hawaii Housing Finance and Development Corporation to address the state's shortage of affordable housing for middle-income families. The program allows the corporation to use up to $20 million per year from its revolving fund for predevelopment activities like land acquisition and design, while requiring interagency coordination to speed up project timelines. To qualify, projects must be located on sites with adequate infrastructure, preferably in residential zones, and ensure all units meet specific affordability standards. Additionally, the law mandates that at least one such pilot project be designated in each county to promote statewide participation.

Topics ✓ HousingSupports HousingBill establishes a pilot program to address affordable housing shortages and funds predevelopment activities.95% confidence

Sub-Topics Affordable Housing Housing Finance Property Development

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introduced · Hawaii · Senate Jul 9, 2026

GM 1317: Informing the Legislature that on July 8, 2026, the Governor signed the following bill into law: HB2385 HD3 SD1 CD1 (ACT 215).

This bill, signed into law as Act 215, shifts the authority to approve general excise tax exemptions for affordable housing projects from individual counties to the state's Hawaii Housing Finance and Development Corporation. Beginning January 1, 2027, the state agency will certify these tax incentives for developments that utilize county housing programs, aiming to better offset rising construction costs and interest rates. The legislation also grants counties expanded powers to develop, finance, and construct low- and moderate-income housing, including the ability to make loans, guarantee mortgages, and acquire land, while prohibiting counties from issuing state general obligation bonds for such projects. These changes are designed to leverage both state and local resources to address Hawaii's ongoing housing shortage by streamlining the approval process for affordable rental housing.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill centralizes tax exemption authority to offset rising construction costs, supporting affordable housing funding and fiscal management.85% confidence ✓ HousingSupports HousingBill centralizes tax exemption authority to better offset construction costs and interest rates for affordable housing projects.90% confidence

Sub-Topics Sales Tax Affordable Housing Housing Finance Property Development

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introduced · Hawaii · Senate Jul 9, 2026

GM 1307: Informing the Legislature that on July 8, 2026, the Governor signed the following bill into law: HB1920 HD1 SD2 CD1 (ACT 205).

This message informs the Hawaii Legislature that Governor Josh Green signed HB1920 into law on July 8, 2026. The bill amends state tax statutes to allow taxpayers to claim a low-income housing tax credit regardless of their eligibility for the federal version of the same credit. It also permits partnerships and limited liability companies to transfer or sell these tax credits to other taxpayers, even if those recipients do not own an interest in the qualifying building. The law takes effect immediately upon approval and includes specific provisions regarding how the credit can be allocated and transferred.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands tax credits for low-income housing and allows transferability, providing tax relief and funding affordable housing.95% confidence ✓ HousingSupports HousingBill expands low-income housing tax credits and allows their transfer, increasing funding for affordable housing development.90% confidence

Sub-Topics Tax Credits Affordable Housing Housing Finance

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introduced · Hawaii · Senate Jul 15, 2026

GM 1366: Informing the Legislature that on July 15, 2026, the Governor signed the following bill into law: SB2338 SD1 HD2 CD1 (ACT 263).

This bill, signed into law as Act 263, updates the compensation and employment rules for the Hawaii Housing Finance and Development Corporation and the Hawaii Community Development Authority to help them compete for skilled staff. It raises the salary cap for the executive director of the housing finance corporation to 99% of the governor's pay and creates a new deputy executive director role with a salary cap of 95% of the director's pay. Additionally, the legislation exempts these agencies from certain state approval requirements for hiring and job descriptions, while establishing new conditions for their employment contracts. These changes aim to allow the agencies to offer more competitive salaries and streamline their hiring processes to better address Hawaii's affordable housing needs.

Topics ✓ HousingSupports HousingBill strengthens housing agencies by increasing staff compensation to attract skilled workers, ensuring effective management of housing programs.85% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill raises salary caps for housing agency executives to help compete for skilled staff, directly addressing labor standards and employment competitiveness.85% confidence

Sub-Topics Affordable Housing Community Development Housing Finance

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in committee · United States · House Jul 23, 2026

HR 9942: House Our Heroes Act

The House Our Heroes Act expands support for veterans struggling with guaranteed housing loans by allowing the Department of Veterans Affairs to offer educational courses on credit improvement, financial management, and loss mitigation options. Additionally, the bill permits the agency to make partial claims and modify loan terms, such as interest rates and payment schedules, for specific loans that go into default between May 1, 2025, and November 28, 2026. These measures aim to provide more flexible assistance tools to help veterans avoid foreclosure or manage their debts without strictly following previous mandatory procedures.

Topics ✓ HousingSupports HousingBill strengthens housing security for veterans by preventing loan defaults and offering financial management support.85% confidence ✓ VeteransSupports VeteransBill expands VA support for veterans by offering financial education and modifying defaulted loans to prevent housing loss.95% confidence

Sub-Topics Mortgages Veteran Education Veteran Healthcare Veteran Housing

Sponsor Derrick Van Orden (R)

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