SB 2060HawaiiProcess complete

Hawaii housing corporation may finance mixed-income rentals

The housing corporation may finance mixed-income rentals through a separate account, while the text sets aside up to $100 million for that account in fiscal year 2026–2027.

What it does

The housing corporation may finance mixed-income rentals through a separate account. Its application process favors a range of rents, government land or partnerships, efficient use of state money, and areas that meet transit-density rules.

For fiscal year 2026–2027, the director of finance may move up to $100 million from the rental housing fund into its mixed-income account.

With finance director approval, the housing corporation may move money among the rental housing fund and its subaccounts for purposes allowed by law.

The text sets aside up to $100 million from state revenue for the mixed-income account, then up to $100 million from that account for its purposes.

Argument forUp to $100 million could help finance mixed-income rentals for qualified residents, including through loans, investments, or credit support.

Argument againstProjects on government land or near transit could receive preference, leaving other rental housing proposals with less chance of receiving money.

More detail

The Hawaii Housing Finance and Development Corporation may use the mixed-income account to finance rental housing, including with loans, investments, and credit support. The account finances rentals for qualified residents; a mixed-income project primarily serves households earning at or below 140 percent of area median income. The corporation must use a separate application process for this account. The process must favor projects with a range of rents, projects on state or county land or developed with government partners, projects that use state money efficiently, and projects in areas meeting transit-supportive density rules. If a nonprofit or government project ties with a for-profit project, the nonprofit or government project gets preference. The Act's stated effective date is July 1, 2050.

The director of finance may transfer money from the Rental Housing Revolving Fund to its mixed-income account. The transfer is from the Rental Housing Revolving Fund to its mixed-income account. The transfer may not exceed $100 million for fiscal year 2026–2027. The transfer limit applies to fiscal year 2026–2027.

The corporation may transfer money among the fund and its subaccounts, and among subaccounts, without further legislative approval. The transfer authority covers the Rental Housing Revolving Fund and subaccounts established under that section. The director of finance must approve each transfer. Transfers must serve purposes allowed by the housing law; unspent or uncommitted subaccount money may be returned to the main fund for any lawful fund purpose. The text states no separate start or end date for this authority.

The state sets aside up to $100 million in general revenue for the mixed-income account and up to $100 million from that account for its purposes. Both appropriations are for the mixed-income account of the Rental Housing Revolving Fund. The Hawaii Housing Finance and Development Corporation must spend the account appropriation for the purposes of the Act. Both appropriations are for fiscal year 2026–2027; the Act states that it takes effect July 1, 2050.

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Where it stands

IntroducedJan 14
Passed SenateMar 5
Passed HouseApr 9
To GovernorMay 8
Became LawJul 9

Looking ahead

No hearings or votes scheduled.

History

2026
1. Jul 9Act 212, 07/08/2026 (Gov. Msg. No. 1314).Latest
2. Jul 9Act 212, on 07/08/2026 (Gov. Msg. No. 1314).Became Law
3. May 8Received notice of passage on Final Reading in House (Hse. Com. No. 888).Minor
4. May 8Enrolled to Governor.To Governor
5. May 6Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.Major
  - Vote recorded Passed Final Reading as amended in CD 1. Result: pass.Lower
6. May 6Passed Final Reading as amended in CD 1 with none voting aye with reservations; Representative(s) Cochran, Pierick voting no (2) and none excused (0).Major
7. May 6Received notice of Final Reading (Sen. Com. No. 816).Minor
8. May 1The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 3 Aye(s): Senator(s) Chang, Hashimoto, Rhoads; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.Minor
  - Vote recorded The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
  - Vote recorded The Conference Committee recommends that the measure be Passed, with Amendments. Result: pass.Lower
9. May 1The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 3 Ayes: Representative(s) Evslin, Miyake, Pierick; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.Minor
10. May 1Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 128-26).
11. May 148 Hrs. Notice (as amended CD 1) 05-06-26.
12. May 1Reported from Conference Committee (Conf Com. Rep. No. 128-26) as amended in (CD 1).
13. May 1Forty-eight (48) hours notice Wednesday, 05-06-26.
14. Apr 30Conference Committee Meeting will reconvene on Friday 05-01-26 10:00AM in conference room 224.
15. Apr 29Conference Committee Meeting will reconvene on Thursday 04-30-26 10:00AM in conference room 224.
16. Apr 28Conference Committee Meeting will reconvene on Wednesday 04-29-26 10:00AM in conference room 224.
17. Apr 27Received notice of appointment of House conferees (Hse. Com. No. 839).Minor
18. Apr 27Bill scheduled for Conference Committee Meeting on Tuesday, 04-28-26 10:03AM in conference room 224.
19. Apr 24House Conferees Appointed: Evslin, Miyake Co-Chairs; Pierick.
20. Apr 21Senate Conferees Appointed: Chang Chair; Hashimoto Co-Chair; Rhoads.
21. Apr 21Received notice of Senate conferees (Sen. Com. No. 718).Minor
22. Apr 10Received from House (Hse. Com. No. 500).Minor
23. Apr 10Senate disagrees with House amendments.Minor
24. Apr 10Received notice of disagreement (Sen. Com. No. 564).Minor
25. Apr 9Reported from FIN (Stand. Com. Rep. No. 2016-26), recommending passage on Third Reading.
  - Vote recorded Passed Third Reading. Result: pass.Lower
26. Apr 9Passed Third Reading with none voting aye with reservations; Representative(s) Pierick voting no (1) and Representative(s) Cochran excused (1). Transmitted to Senate.Passed House
27. Apr 7The 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, Perruso, Templo, Yamashita, Gedeon, Reyes Oda; Ayes with reservations: Representative(s) Alcos; Noes: none; and 1 Excused: Representative(s) Morikawa.Minor
  - Vote recorded The committee on FIN recommend that the measure be PASSED, UNAMENDED. Result: pass.Lower
28. Apr 2The committee(s) on FIN recommend(s) that the measure be deferred until 04-07-26.Minor
29. Apr 2Bill scheduled for decision making on Tuesday, 04-07-26 10:10AM in conference room 308 VIA VIDEOCONFERENCE.
30. Mar 31Bill scheduled to be heard by FIN on Thursday, 04-02-26 2:00PM in House conference room 308 VIA VIDEOCONFERENCE.
31. Mar 25Reported from HSG (Stand. Com. Rep. No. 1420-26) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
  - Vote recorded Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN. Result: pass.Lower
32. Mar 25Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with Representative(s) Cochran voting aye with reservations; Representative(s) Pierick voting no (1) and Representative(s) Matsumoto, Perruso excused (2).Minor
33. Mar 20The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) Evslin, Miyake, Grandinetti, Kitagawa, La Chica, Muraoka, Pierick; Ayes with reservations: Representative(s) Cochran; Noes: none; and 1 Excused: Representative(s) Kila.Minor
  - Vote recorded The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. Result: pass.Lower
34. Mar 17Bill scheduled to be heard by HSG on Friday, 03-20-26 9:00AM in House conference room 430 VIA VIDEOCONFERENCE.
35. Mar 10Referred to HSG, FIN, referral sheet 15Minor
36. Mar 6Pass First ReadingMinor
37. Mar 5Report Adopted; Passed Third Reading, as amended (SD 2). Ayes, 24; Aye(s) with reservations: none. Noes, 0 (none). Excused, 1 (Senator(s) Ihara). Transmitted to House.Passed Senate
  - Vote recorded Report Adopted; Passed Third Reading, as amended (SD 2). Result: pass.Upper
38. Mar 5Received from Senate (Sen. Com. No. 20) in amended form (SD 2).Minor
39. Feb 24Reported from WAM (Stand. Com. Rep. No. 2709) with recommendation of passage on Third Reading, as amended (SD 2).
40. Feb 2448 Hrs. Notice 03-05-26.
41. Feb 19The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 11 Aye(s): Senator(s) Dela Cruz, Moriwaki, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Kidani, Richards.Minor
  - Vote recorded The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
42. Feb 13The committee(s) on WAM will hold a public decision making on 02-19-26 10:30AM; Conference Room 211 & Videoconference.
43. Feb 11Reported from HOU (Stand. Com. Rep. No. 2146) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
44. Feb 11Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.Minor
45. Feb 3The 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.Minor
  - Vote recorded The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
46. Jan 27The committee(s) on HOU deferred the measure until 02-03-26 1:00PM; Conference Room 225 & Videoconference.Minor
47. Jan 23The committee(s) on HOU has scheduled a public hearing on 01-27-26 1:00PM; Conference Room 225 & Videoconference.
48. Jan 22Referred to HOU, WAM.Minor
49. Jan 21Introduced and passed First Reading.Minor
50. Jan 14Pending Introduction.Introduced

HousingTaxes & Budget

Issue with this bill?

SB 2060HawaiiProcess complete

Hawaii housing corporation may finance mixed-income rentals

The housing corporation may finance mixed-income rentals through a separate account, while the text sets aside up to $100 million for that account in fiscal year 2026–2027.

What it does

For fiscal year 2026–2027, the director of finance may move up to $100 million from the rental housing fund into its mixed-income account.

With finance director approval, the housing corporation may move money among the rental housing fund and its subaccounts for purposes allowed by law.

The text sets aside up to $100 million from state revenue for the mixed-income account, then up to $100 million from that account for its purposes.

Argument forUp to $100 million could help finance mixed-income rentals for qualified residents, including through loans, investments, or credit support.

Argument againstProjects on government land or near transit could receive preference, leaving other rental housing proposals with less chance of receiving money.

More detail

Where do you stand?

Tell your reps

Take a position to see your representatives and ways to contact them.

More on this bill

Where it stands

IntroducedJan 14
Passed SenateMar 5
Passed HouseApr 9
To GovernorMay 8
Became LawJul 9

Looking ahead

No hearings or votes scheduled.

History

2026
1. Jul 9Act 212, 07/08/2026 (Gov. Msg. No. 1314).Latest
2. Jul 9Act 212, on 07/08/2026 (Gov. Msg. No. 1314).Became Law
3. May 8Received notice of passage on Final Reading in House (Hse. Com. No. 888).Minor
4. May 8Enrolled to Governor.To Governor
5. May 6Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.Major
  - Vote recorded Passed Final Reading as amended in CD 1. Result: pass.Lower
6. May 6Passed Final Reading as amended in CD 1 with none voting aye with reservations; Representative(s) Cochran, Pierick voting no (2) and none excused (0).Major
7. May 6Received notice of Final Reading (Sen. Com. No. 816).Minor
8. May 1The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 3 Aye(s): Senator(s) Chang, Hashimoto, Rhoads; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.Minor
  - Vote recorded The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
  - Vote recorded The Conference Committee recommends that the measure be Passed, with Amendments. Result: pass.Lower
9. May 1The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 3 Ayes: Representative(s) Evslin, Miyake, Pierick; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.Minor
10. May 1Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 128-26).
11. May 148 Hrs. Notice (as amended CD 1) 05-06-26.
12. May 1Reported from Conference Committee (Conf Com. Rep. No. 128-26) as amended in (CD 1).
13. May 1Forty-eight (48) hours notice Wednesday, 05-06-26.
14. Apr 30Conference Committee Meeting will reconvene on Friday 05-01-26 10:00AM in conference room 224.
15. Apr 29Conference Committee Meeting will reconvene on Thursday 04-30-26 10:00AM in conference room 224.
16. Apr 28Conference Committee Meeting will reconvene on Wednesday 04-29-26 10:00AM in conference room 224.
17. Apr 27Received notice of appointment of House conferees (Hse. Com. No. 839).Minor
18. Apr 27Bill scheduled for Conference Committee Meeting on Tuesday, 04-28-26 10:03AM in conference room 224.
19. Apr 24House Conferees Appointed: Evslin, Miyake Co-Chairs; Pierick.
20. Apr 21Senate Conferees Appointed: Chang Chair; Hashimoto Co-Chair; Rhoads.
21. Apr 21Received notice of Senate conferees (Sen. Com. No. 718).Minor
22. Apr 10Received from House (Hse. Com. No. 500).Minor
23. Apr 10Senate disagrees with House amendments.Minor
24. Apr 10Received notice of disagreement (Sen. Com. No. 564).Minor
25. Apr 9Reported from FIN (Stand. Com. Rep. No. 2016-26), recommending passage on Third Reading.
  - Vote recorded Passed Third Reading. Result: pass.Lower
26. Apr 9Passed Third Reading with none voting aye with reservations; Representative(s) Pierick voting no (1) and Representative(s) Cochran excused (1). Transmitted to Senate.Passed House
27. Apr 7The 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, Perruso, Templo, Yamashita, Gedeon, Reyes Oda; Ayes with reservations: Representative(s) Alcos; Noes: none; and 1 Excused: Representative(s) Morikawa.Minor
  - Vote recorded The committee on FIN recommend that the measure be PASSED, UNAMENDED. Result: pass.Lower
28. Apr 2The committee(s) on FIN recommend(s) that the measure be deferred until 04-07-26.Minor
29. Apr 2Bill scheduled for decision making on Tuesday, 04-07-26 10:10AM in conference room 308 VIA VIDEOCONFERENCE.
30. Mar 31Bill scheduled to be heard by FIN on Thursday, 04-02-26 2:00PM in House conference room 308 VIA VIDEOCONFERENCE.
31. Mar 25Reported from HSG (Stand. Com. Rep. No. 1420-26) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
  - Vote recorded Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN. Result: pass.Lower
32. Mar 25Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with Representative(s) Cochran voting aye with reservations; Representative(s) Pierick voting no (1) and Representative(s) Matsumoto, Perruso excused (2).Minor
33. Mar 20The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) Evslin, Miyake, Grandinetti, Kitagawa, La Chica, Muraoka, Pierick; Ayes with reservations: Representative(s) Cochran; Noes: none; and 1 Excused: Representative(s) Kila.Minor
  - Vote recorded The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. Result: pass.Lower
34. Mar 17Bill scheduled to be heard by HSG on Friday, 03-20-26 9:00AM in House conference room 430 VIA VIDEOCONFERENCE.
35. Mar 10Referred to HSG, FIN, referral sheet 15Minor
36. Mar 6Pass First ReadingMinor
37. Mar 5Report Adopted; Passed Third Reading, as amended (SD 2). Ayes, 24; Aye(s) with reservations: none. Noes, 0 (none). Excused, 1 (Senator(s) Ihara). Transmitted to House.Passed Senate
  - Vote recorded Report Adopted; Passed Third Reading, as amended (SD 2). Result: pass.Upper
38. Mar 5Received from Senate (Sen. Com. No. 20) in amended form (SD 2).Minor
39. Feb 24Reported from WAM (Stand. Com. Rep. No. 2709) with recommendation of passage on Third Reading, as amended (SD 2).
40. Feb 2448 Hrs. Notice 03-05-26.
41. Feb 19The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 11 Aye(s): Senator(s) Dela Cruz, Moriwaki, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Kidani, Richards.Minor
  - Vote recorded The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
42. Feb 13The committee(s) on WAM will hold a public decision making on 02-19-26 10:30AM; Conference Room 211 & Videoconference.
43. Feb 11Reported from HOU (Stand. Com. Rep. No. 2146) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
44. Feb 11Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.Minor
45. Feb 3The 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.Minor
  - Vote recorded The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
46. Jan 27The committee(s) on HOU deferred the measure until 02-03-26 1:00PM; Conference Room 225 & Videoconference.Minor
47. Jan 23The committee(s) on HOU has scheduled a public hearing on 01-27-26 1:00PM; Conference Room 225 & Videoconference.
48. Jan 22Referred to HOU, WAM.Minor
49. Jan 21Introduced and passed First Reading.Minor
50. Jan 14Pending Introduction.Introduced

HousingTaxes & Budget

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More on this bill

Where it stands

Looking ahead

History

What it does

Where do you stand?

Choose your position

Tell your reps

More on this bill

Where it stands

Looking ahead

History