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SB2060Introduced in the Senate

Relating To The Rental Housing Revolving Fund.

Passed

Introduced by Stanley Chang, District 9

What does this bill do?

Plain-English breakdown

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Official description

Authorizes the Rental Housing Revolving Fund to be used to provide any and all forms of financing for the development, predevelopment, construction, acquisition, preservation, and substantial rehabilitation of rental housing units. Requires the Hawaii Housing Finance and Development Corporation to give preference to certain projects with perpetual affordability commitments, that are revenue neutral, and to applicants with a demonstrated history of early repayment to the RHRF. Authorizes HHFDC to use moneys in the RHRF that have been reserved or awarded by HHFDC for specific projects but have not yet been encumbered to fund other rental housing projects subject to certain conditions. Authorizes HHFDC to secure a line of credit or other instrument of indebtedness to provide liquidity for the RHRF under certain conditions. Repeals 6/30/2030. (CD1)

Where it stands

Act 212, on 07/08/2026 (Gov. Msg. No. 1314).

July 9, 2026

How did lawmakers vote?

House votes

1 recorded vote · each counted separately

Senate votes

3 recorded votes · each counted separately

SenateStage: Senate Conference: Passed, With Amendments · May 1, 2026

3

Yes

0

No

0

Absent or Not Voting

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

See how each senator voted

SenatorDistrictVote
Troy Hashimoto5Yes
Stanley Chang9Yes
Karl Rhoads13Yes

Bill history

  1. Pending Introduction.

  2. Introduced and passed First Reading.

  3. Referred to HOU, WAM.

  4. The committee(s) on HOU has scheduled a public hearing on 01-27-26 1:00PM; Conference Room 225 & Videoconference.

  5. The committee(s) on HOU deferred the measure until 02-03-26 1:00PM; Conference Room 225 & Videoconference.

  6. 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.

  7. Reported from HOU (Stand. Com. Rep. No. 2146) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

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

  9. The committee(s) on WAM will hold a public decision making on 02-19-26 10:30AM; Conference Room 211 & Videoconference.

  10. The 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.

  11. Reported from WAM (Stand. Com. Rep. No. 2709) with recommendation of passage on Third Reading, as amended (SD 2).

  12. 48 Hrs. Notice 03-05-26.

  13. Report 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.

  14. Received from Senate (Sen. Com. No. 20) in amended form (SD 2).

  15. Pass First Reading

  16. Referred to HSG, FIN, referral sheet 15

  17. Bill scheduled to be heard by HSG on Friday, 03-20-26 9:00AM in House conference room 430 VIA VIDEOCONFERENCE.

  18. The 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.

  19. Reported from HSG (Stand. Com. Rep. No. 1420-26) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

  20. Passed 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).

  21. Bill scheduled to be heard by FIN on Thursday, 04-02-26 2:00PM in House conference room 308 VIA VIDEOCONFERENCE.

  22. The committee(s) on FIN recommend(s) that the measure be deferred until 04-07-26.

  23. Bill scheduled for decision making on Tuesday, 04-07-26 10:10AM in conference room 308 VIA VIDEOCONFERENCE.

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

  25. Reported from FIN (Stand. Com. Rep. No. 2016-26), recommending passage on Third Reading.

  26. Passed Third Reading with none voting aye with reservations; Representative(s) Pierick voting no (1) and Representative(s) Cochran excused (1). Transmitted to Senate.

  27. Received from House (Hse. Com. No. 500).

  28. Senate disagrees with House amendments.

  29. Received notice of disagreement (Sen. Com. No. 564).

  30. Senate Conferees Appointed: Chang Chair; Hashimoto Co-Chair; Rhoads.

  31. Received notice of Senate conferees (Sen. Com. No. 718).

  32. House Conferees Appointed: Evslin, Miyake Co-Chairs; Pierick.

  33. Received notice of appointment of House conferees (Hse. Com. No. 839).

  34. Bill scheduled for Conference Committee Meeting on Tuesday, 04-28-26 10:03AM in conference room 224.

  35. Conference Committee Meeting will reconvene on Wednesday 04-29-26 10:00AM in conference room 224.

  36. Conference Committee Meeting will reconvene on Thursday 04-30-26 10:00AM in conference room 224.

  37. Conference Committee Meeting will reconvene on Friday 05-01-26 10:00AM in conference room 224.

  38. The 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.

  39. The 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.

  40. Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 128-26).

  41. 48 Hrs. Notice (as amended CD 1) 05-06-26.

  42. Reported from Conference Committee (Conf Com. Rep. No. 128-26) as amended in (CD 1).

  43. Forty-eight (48) hours notice Wednesday, 05-06-26.

  44. Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.

  45. Passed Final Reading as amended in CD 1 with none voting aye with reservations; Representative(s) Cochran, Pierick voting no (2) and none excused (0).

  46. Received notice of Final Reading (Sen. Com. No. 816).

  47. Received notice of passage on Final Reading in House (Hse. Com. No. 888).

  48. Enrolled to Governor.

  49. Act 212, 07/08/2026 (Gov. Msg. No. 1314).

  50. Act 212, on 07/08/2026 (Gov. Msg. No. 1314).

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