SB 2342: HHFDC; LIHTC; RHRF; QUALIFIED ALLOCATION PLAN; PERPETUAL AFFORDABILITY; WORKING GROUP; REPORT; APPROPRIATION
- Session Year: 2025-2026
- House: Senate
Current Status:
In Progress
(2026-02-03: 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.)
Introduced
First Committee Review
First Chamber
Second Committee Review
Second Chamber
Final Decking
Enacted
Part
II: Establishes a Working Group to revise
the Hawaii Housing Finance and Development Corporation's Qualified Allocation Plan
and propose revisions to the prioritization of the Rental Housing Revolving Fund
and the terms of loans made from the Rental Housing Revolving Fund. Requires a report to the Legislature. Appropriates funds. Part III:
Requires the HHFDC to make certain revisions to the 2026 Qualified Allocation
Plan. Part IV: Prohibits the HHFDC from allocating
Low-Income Housing Tax Credits or moneys from the Rental Housing Revolving Fund
to projects without a perpetual affordability commitment.
