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SB2191Introduced in the Senate

Relating To Limited-profit Housing Associations.

IntroducedSenate Ways and Means

Introduced by Stanley Chang, District 9

What does this bill do?

Plain-English breakdown

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Official description

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. Effective 7/1/2050. (SD1)

Where it stands

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

February 20, 2026

How did lawmakers vote?

SenateStage: Senate Commerce and Consumer Protection: Passed, With Amendments · February 3, 2026

5

Yes

0

No

0

Absent or Not Voting

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

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See how each senator voted

Bill history

  1. Pending Introduction.

  2. Introduced and passed First Reading.

  3. Referred to HOU/CPN, WAM/JDC.

  4. The committee(s) on HOU/CPN has scheduled a public hearing on 02-03-26 9:31AM; Conference Room 229 & Videoconference.

  5. 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, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Rhoads.

  6. The 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.

  7. Reported from HOU/CPN (Stand. Com. Rep. No. 2640) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM/JDC.

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

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