Bills

HR 75: supporting the use of the dwelling unit revolving fund to fund predevelopment costs for any government affordable housing development project through interim loans to expedite the delivery of affordable housing to hawaii's residents.

Session Year: 2025-2026
House: House
Latest Version Date: 2026-03-12

Current Status:

In Progress

(2026-04-07: 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, Alcos, Gedeon, Reyes Oda; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Morikawa.)

Introduced

In Committee

First Chamber

In Committee

Second Chamber

Final Decking

Enacted

What does this bill do?

This resolution supports using the Dwelling Unit Revolving Fund to provide interim loans to pay predevelopment costs for government affordable housing projects in Hawaii. It also supports those interim loans being repaid by the developer from the project’s permanent financing.

Version:

supporting the use of the dwelling unit revolving fund to fund predevelopment costs for any government affordable housing development project through interim loans to expedite the delivery of affordable housing to hawaii's residents.

Version:

HR75

HOUSE OF REPRESENTATIVES	H.R. NO.	75
THIRTY-THIRD LEGISLATURE, 2026
STATE OF HAWAII

HOUSE RESOLUTION

WHEREAS, the Hawaii Housing Finance and Development Corporation utilizes the Dwelling Unit Revolving Fund to fund predevelopment costs associated with affordable housing projects on land it owns or otherwise administers; and

WHEREAS, financing of the predevelopment phase for affordable housing projects is a much higher risk than financing the construction phase, as there are more variables that could render the project impracticable, with a higher possibility of the lender not recouping the loan; and

WHEREAS, the predevelopment phase of an affordable housing development project may include but not be limited to in-depth analysis of site particularities; undertaking of multiple technical studies on the parcel and the proposed project; creating conceptual designs, site plans, and construction drawings; conducting environmental assessments; preparing and submitting documentation for all needed permits, approvals, and financing for the construction of the project; and more; and

WHEREAS, the Hawaii Housing Finance and Development Corporation has not historically used the Dwelling Unit Revolving Fund to finance predevelopment costs associated with projects owned or administered by entities other than itself due to the higher risk of financing; and

WHEREAS, not all counties in the State have flexible funding available that can be used for affordable housing project predevelopment costs; and

WHEREAS, access to predevelopment funding is critical to advancing affordable housing development; now, therefore,

BE IT RESOLVED by the House of Representatives of the Thirty-third Legislature of the State of Hawaii, Regular Session of 2026, that this body supports the use of the Dwelling Unit Revolving Fund to fund predevelopment costs for any government affordable housing development project through interim loans to expedite the delivery of affordable housing to Hawaii's residents; and

BE IT FURTHER RESOLVED that this body supports interim predevelopment loans provided through the Dwelling Unit Revolving Fund being paid back to the Hawaii Housing Finance and Development Corporation by the developer through the project's permanent financing source; and

BE IT FURTHER RESOLVED that certified copies of this Resolution be transmitted to the Executive Director of the Hawaii Housing Finance and Development Corporation and Chairperson of the Board of Directors of the Hawaii Housing Finance and Development Corporation.

	OFFERED BY:	_____________________________

Report Title:

Dwelling Unit Revolving Fund; Predevelopment Costs; Government Affordable Housing Projects

Date	Status
Apr 7, 2026	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, Alcos, Gedeon, Reyes Oda; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Morikawa.
Apr 2, 2026	Scheduled for decision making on Tuesday, 04-07-26 10:05AM in conference room 308 VIA VIDEOCONFERENCE.
Apr 2, 2026	Report adopted; referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and none excused (0).
Apr 2, 2026	Reported from HSG (Stand. Com. Rep. No. 1708-26), recommending referral to FIN.
Mar 27, 2026	The committee on HSG recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 6 Ayes: Representative(s) Evslin, Miyake, Grandinetti, Kila, Kitagawa, Cochran; Ayes with reservations: none; Noes: none; and 3 Excused: Representative(s) La Chica, Muraoka, Pierick.
Mar 25, 2026	Resolution scheduled to be heard by HSG on Friday, 03-27-26 9:30AM in conference room 430 VIA VIDEOCONFERENCE.
Mar 18, 2026	Referred to HSG, FIN, referral sheet 18
Mar 16, 2026	Offered
Mar 12, 2026	To be offered.

Date	Description	Location	Votes
Apr 7, 2026	The committee on FIN recommend that the measure be PASSED, UNAMENDED	House Standing Committee on Finance	15 0 1 Passed
Mar 27, 2026	The committee on HSG recommend that the measure be PASSED, UNAMENDED	House Standing Committee on Housing	6 0 3 Passed