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SB 2060: HHFDC; RHRF; MIXED-INCOME SUBACCOUNT
- Session Year: 2025-2026
- House: Senate
- Latest Version Date: 2026-05-01
Current Status:
In Progress
(2026-05-08: Received notice of passage on Final Reading in House (Hse. Com. No. 888).)
Introduced
In Committee
First Chamber
In Committee
Second Chamber
Final Decking
Enacted
Version:
Authorizes
the Rental Housing Revolving Fund 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 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)
