STAND. COM. REP. NO. 2016-26

Honolulu, Hawaii

, 2026

RE: S.B. No. 2060

S.D. 2

H.D. 1

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 S.B. No. 2060, S.D. 2, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE RENTAL HOUSING REVOLVING FUND,"

begs leave to report as follows:

The purpose of this measure is to:

(1) Specify the conditions under which the Hawaii Housing Finance and Development Corporation may transfer monies from within the Rental Housing Revolving Fund to a subaccount and between subaccounts of the revolving fund;

(2) Authorize the Rental Housing Revolving Fund to be used to provide any and all forms of financing; and

(3) Expand the funding priorities of, and appropriate funds into and out of, the Mixed-Income Subaccount.

Your Committee received testimony in support of this measure from the Hawaii Housing Finance and Development Corporation; Hawaii Public Housing Authority; and Holomua Collaborative. Your Committee received comments on this measure from Catholic Charities Hawaiʻi and one individual.

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 S.B. No. 2060, S.D. 2, H.D. 1, and recommends that it pass Third Reading.

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

____________________________

CHRIS TODD, Chair