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Ka 'Aha'ōlelo Moku'āina 'O Hawai'i

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Measure details
Measure Title: RELATING TO THE RENTAL HOUSING REVOLVING FUND.
Report Title: HHFDC; Department of Budget and Finance; RHRF; Mixed-Income Subaccount; Reserved Funds; Appropriations ($)
Description: Authorizes the Rental Housing Revolving Fund (RURF) to be used to provide any and all forms of financing for the development, pre-development, construction, acquisition, preservation, and substantial rehabilitation of rental housing units. Requires the Hawaii Housing Finance and Development Corporation (HHFDC) to give preference to certain projects with perpetual affordability commitments and to applicants with a demonstrated history of early repayment to the RHRF. Authorizes HHFDC, with the approval of the Director of Finance, to transfer moneys between the RHRF and its subaccounts without further legislative authorization. Requires certain RHRF loans applied for or awarded after 12/31/2026 to be subject to review and renegotiation when any mortgage debt to which the loan is subordinate is refinanced or retired. Authorizes HHFDC to use reserved but unencumbered funds for short‑term projects with certain conditions. Authorizes HHFDC to secure lines of credit, standby bond purchase agreements, or other credit enhancement facilities to provide liquidity for the RHRF in certain circumstances. Authorizes the Director of Finance to transfer moneys from the RHRF to its Mixed-Income Subaccount for FY 2026‑2027. Appropriates funds. Effective 7/1/2050. (SD1)
Companion:
Package: None
Current Referral: HOU, WAM
Introducer(s): EVSLIN, AMATO, BELATTI, ILAGAN, KEOHOKAPU-LEE LOY, KILA, KUSCH, LEE, M., MARTEN, MIYAKE, MORIKAWA, REYES ODA, SHIMIZU, SOUZA, TARNAS, WOODSON
Act:

Measure Status History

Sort by Date
DateChamberStatus Text
3/30/2026SReport adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
3/30/2026SReported from HOU (Stand. Com. Rep. No. 3206) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
3/17/2026SThe 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, Elefante, Rhoads; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.
3/12/2026SThe committee(s) on HOU has scheduled a public hearing on 03-17-26 1:05PM; Conference Room 225 & Videoconference.
3/10/2026SReferred to HOU, WAM.
3/6/2026SPassed First Reading.
3/6/2026SReceived from House (Hse. Com. No. 43).
3/5/2026HPassed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Perruso excused (1). Transmitted to Senate.
3/5/2026HReported from FIN (Stand. Com. Rep. No. 861-26), recommending passage on Third Reading.
3/2/2026HThe committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 15 Ayes: Representative(s) Todd, Takenouchi, Hartsfield, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lee, M., Miyake, Morikawa, Perruso, Templo, Yamashita, Gedeon, Reyes Oda; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Alcos.
2/27/2026HBill scheduled for decision making on Monday, 03-02-26 10:00AM in conference room 308 VIA VIDEOCONFERENCE.
2/27/2026HThe committee(s) on FIN recommend(s) that the measure be deferred until 03-02-26.
2/24/2026HBill scheduled to be heard by FIN on Friday, 02-27-26 2:00PM in House conference room 308 VIA VIDEOCONFERENCE.
2/19/2026HPassed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and none excused (0).
2/19/2026HReported from HSG (Stand. Com. Rep. No. 574-26) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2/11/2026HThe committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 9 Ayes: Representative(s) Evslin, Miyake, Cochran, Grandinetti, Kila, Kitagawa, La Chica, Muraoka, Pierick; Ayes with reservations: none; Noes: none; and Excused: none.
2/6/2026HBill scheduled to be heard by HSG on Wednesday, 02-11-26 9:00AM in House conference room 430 VIA VIDEOCONFERENCE.
1/26/2026HReferred to HSG, FIN, referral sheet 1
1/21/2026HIntroduced and Pass First Reading.
1/20/2026HPrefiled.

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All Versions of this Measure

HB1727_SD1 Link to HB1727_SD1 .PDF file
HB1727_HD1 Link to HB1727_HD1 .PDF file
HB1727 Link to HB1727 .PDF file

Committee Reports

HB1727_HD1_HSCR574-26_ Link to committee report HB1727_HD1_HSCR574-26_ .PDF file (opens in new window)
HB1727_HD1_HSCR861-26_ Link to committee report HB1727_HD1_HSCR861-26_ .PDF file (opens in new window)
HB1727_SD1_SSCR3206_ Link to committee report HB1727_SD1_SSCR3206_ .PDF file (opens in new window)

Testimony

HB1727_TESTIMONY_HSG_02-11-26_
HB1727_HD1_TESTIMONY_FIN_02-27-26_
HB1727_HD1_TESTIMONY_HOU_03-17-26_

Hearing Notices

HSG
2/11/26 9:00A
430 VIA VIDEOCONFERENCE
FIN
2/27/26 2:00P
308 VIA VIDEOCONFERENCE
FIN
3/02/26 10:00A
308 VIA VIDEOCONFERENCE
HOU
3/17/26 1:05P
CR 225 & Videoconference