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HB1727Introduced in the House

Relating To The Rental Housing Revolving Fund.

EngrossedSenate Ways and Means

Introduced by Luke Evslin, District 16

What does this bill do?

Plain-English breakdown

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Official description

Authorizes the Rental Housing Revolving Fund (RURF) to be used to provide any and all forms of financing for the development, pre-development, construction, acquisition, preservation, and substantial rehabilitation of rental housing units. Requires the Hawaii Housing Finance and Development Corporation (HHFDC) to give preference to certain projects with perpetual affordability commitments and to applicants with a demonstrated history of early repayment to the RHRF. Authorizes HHFDC, with the approval of the Director of Finance, to transfer moneys between the RHRF and its subaccounts without further legislative authorization. Requires certain RHRF loans applied for or awarded after 12/31/2026 to be subject to review and renegotiation when any mortgage debt to which the loan is subordinate is refinanced or retired. Authorizes HHFDC to use reserved but unencumbered funds for shortterm projects with certain conditions. Authorizes HHFDC to secure lines of credit, standby bond purchase agreements, or other credit enhancement facilities to provide liquidity for the RHRF in certain circumstances. Authorizes the Director of Finance to transfer moneys from the RHRF to its Mixed-Income Subaccount for FY 20262027. Appropriates funds. Effective 7/1/2050. (SD1)

Where it stands

Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

March 30, 2026

How did lawmakers vote?

SenateStage: Senate Housing: Passed, With Amendments · March 17, 2026

4

Yes

0

No

1

Absent or Not Voting

5 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.

What do people think?

Citizen Voice

How would you vote on this bill?

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See how each senator voted

SenatorDistrictVote
Troy Hashimoto5Yes
Stanley Chang9Yes
Karl Rhoads13Yes
Brandon Elefante16Yes
Kurt Fevella20Absent

Bill history

  1. Prefiled.

  2. Introduced and Pass First Reading.

  3. Referred to HSG, FIN, referral sheet 1

  4. Bill scheduled to be heard by HSG on Wednesday, 02-11-26 9:00AM in House conference room 430 VIA VIDEOCONFERENCE.

  5. The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 9 Ayes: Representative(s) Evslin, Miyake, Cochran, Grandinetti, Kila, Kitagawa, La Chica, Muraoka, Pierick; Ayes with reservations: none; Noes: none; and Excused: none.

  6. Reported from HSG (Stand. Com. Rep. No. 574-26) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

  7. Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and none excused (0).

  8. Bill scheduled to be heard by FIN on Friday, 02-27-26 2:00PM in House conference room 308 VIA VIDEOCONFERENCE.

  9. The committee(s) on FIN recommend(s) that the measure be deferred until 03-02-26.

  10. Bill scheduled for decision making on Monday, 03-02-26 10:00AM in conference room 308 VIA VIDEOCONFERENCE.

  11. The 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, Morikawa, Perruso, Templo, Yamashita, Gedeon, Reyes Oda; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Alcos.

  12. Reported from FIN (Stand. Com. Rep. No. 861-26), recommending passage on Third Reading.

  13. Passed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Perruso excused (1). Transmitted to Senate.

  14. Received from House (Hse. Com. No. 43).

  15. Passed First Reading.

  16. Referred to HOU, WAM.

  17. The committee(s) on HOU has scheduled a public hearing on 03-17-26 1:05PM; Conference Room 225 & Videoconference.

  18. The 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.

  19. Reported from HOU (Stand. Com. Rep. No. 3206) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

  20. Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

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