STAND. COM. REP. NO. 998-26

Honolulu, Hawaii

, 2026

RE: H.B. No. 1732

H.D. 2

Honorable Nadine K. Nakamura

Speaker, House of Representatives

Thirty-Third State Legislature

Regular Session of 2026

State of Hawaii

Madame:

Your Committee on Finance, to which was referred H.B. No. 1732, H.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO HOUSING,"

begs leave to report as follows:

The purpose of this measure is to establish the Kamaaina Homes Program within the Hawaii Housing Finance and Development Corporation to provide funding to the counties to purchase voluntary deed restrictions on properties from eligible homebuyers.

Your Committee received testimony in support of this measure from the Hawaii Housing Finance and Development Corporation; Chamber of Commerce Hawaii; one member of the Kauaʻi County Council; one member of the Hawaiʻi County Council; AARP Hawaiʻi; Hawaiʻi Nurses Association, OPEIU Local 50; Hawaii Appleseed Center for Law & Economic Justice; Tradewind Group; Hawaiʻi YIMBY; Holomua Collaborative; Housing Hawaiʻi's Future; Aloha United Way; Hawaiʻi Community Foundation; Title Guaranty Hawaii; HPM Building Supply; Mana Up; Tori Richard, Ltd.; aio Family of Companies; LIMBY Hawaiʻi; Kapolei Chamber of Commerce; and seven individuals. Your Committee received comments on this measure from the Department of Taxation; Tax Foundation of Hawaii; and Hawaiʻi Association of REALTORS.

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1732, H.D. 2, and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

CHRIS TODD, Chair