Establishes an organizational, tax, and regulatory framework for limited-profit housing associations. Establishes the Limited-Profit Housing Council within the Department of Business, Economic Development, and Tourism to oversee limited-profit housing associations. Requires reports to the Legislature.
More detail
Effective 7/1/2050. (SD1)
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More on this bill
Where it stands
Introduced
2Passed Senate
3Passed House
4To Governor
5Became Law
Looking ahead
No hearings or votes scheduled.
History
2026
Feb 20Reported from HOU/CPN (Stand. Com. Rep. No. 2640) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM/JDC.Latest
Feb 20Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM/JDC.Minor
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, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Rhoads.Minor
Vote recorded The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
Vote recorded The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
Feb 3The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 5 Aye(s): Senator(s) Keohokalole, Fukunaga, Lamosao, McKelvey, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.Minor
Jan 30The committee(s) on HOU/CPN has scheduled a public hearing on 02-03-26 9:31AM; Conference Room 229 & Videoconference.