CONFERENCE COMMITTEE REP. NO. 29-26

Honolulu, Hawaii

, 2026

RE: H.B. No. 1740

H.D. 2

S.D. 2

C.D. 1

Honorable Nadine K. Nakamura

Speaker, House of Representatives

Thirty-Third State Legislature

Regular Session of 2026

State of Hawaii

Honorable Ronald D. Kouchi

President of the Senate

Thirty-Third State Legislature

Regular Session of 2026

State of Hawaii

Madam and Sir:

Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 1740, H.D. 2, S.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO THE HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION,"

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

The purpose of this measure is to:

(1) Repeal the prohibition against qualified residents for Hawaii Housing Finance and Development Corporation (Corporation)-approved projects holding a majority interest in land and the requirement that qualified residents demonstrate financial viability or ability to pay rent;

(2) Add an eligibility requirement that limits the total value of assets and property that may be owned by a qualified resident; and

(3) Amend exemptions from statutes, ordinances, charter provisions, and rules for certain housing projects developed by the Corporation that satisfy certain conditions, including requirements related to employment, owner-occupancy, and deed restrictions.

Your Committee on Conference has amended this measure by:

(1) Amending the definition of "qualified resident" to allow ownership of a majority interest in no more than one property suitable for dwelling purposes; provided that the property is disposed of within two years of acquiring a housing unit developed by the Corporation;

(2) Increasing the minimum owner‑occupancy period from one year to five years;

(3) Changing the effective date to upon approval; and

(4) Making technical, nonsubstantive amendments for the purposes of clarity, consistency, and style.

As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of H.B. No. 1740, H.D. 2, S.D. 2, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 1740, H.D. 2, S.D. 2, C.D. 1.

Respectfully submitted on behalf of the managers:

ON THE PART OF THE SENATE

ON THE PART OF THE HOUSE

____________________________ STANLEY CHANG Chair	____________________________ LUKE A. EVSLIN Co-Chair
____________________________ BRANDON J.C. ELEFANTE Co-Chair	____________________________ MARK J. HASHEM Co-Chair
	____________________________ TYSON K. MIYAKE Co-Chair