SB 2071: HOUSING; RENT-TO-OWN PROGRAM; FEE SIMPLE; LEASEHOLD

Session Year: 2025-2026
House: Senate

Current Status:

In Progress

(2026-02-03: 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.)

Introduced

First Committee Review

First Chamber

Second Committee Review

Second Chamber

Final Decking

Enacted

Version:

Clarifies that the dwelling units eligible for the Rent-to-Own Program shall be units that are for sale in fee simple or leasehold on state or county land under a lease with an initial term of not less than 99 years. Increases the time period that the sales price of the dwelling units under the Rent-to Own Program shall remain fixed from 5 years to 10 years after the rental agreement is executed. Effective 7/1/2050.

Discussed in Hearing