Relating To The Rental Housing Revolving Fund.
Last status update Mar 5, 2026
What this measure contains
Authorizes the Rental Housing Revolving Fund (RURF) 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 (HHFDC) to give preference to certain projects with perpetual affordability commitments and to applicants with a demonstrated history of early repayment to the RHRF. Authorizes HHFDC, with the approval of the Director of Finance, to transfer moneys between the RHRF and its subaccounts without further legislative authorization. Requires certain RHRF loans applied for or awarded after 12/31/2026 to be subject to review and renegotiation when any mortgage debt to which the loan is subordinate is refinanced or retired. Authorizes HHFDC to use reserved but unencumbered funds for shortterm projects with certain conditions. Authorizes HHFDC to secure lines of credit, standby bond purchase agreements, or other credit enhancement facilities to provide liquidity for the RHRF in certain circumstances. Authorizes the Director of Finance to transfer moneys from the RHRF to its Mixed-Income Subaccount for FY 20262027. Appropriates funds. Effective 7/1/2050. (SD1)
Source summary of the imported measure. Amendments can change the wording; read a specific version for its complete provisions.
Read the full bill at its source ↗Bill text and versions
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- Introduced · Official document ↗· Jan 20, 2026
- Amended · Official document ↗· Feb 18, 2026
- Amended · Official document ↗· Mar 25, 2026
Legislative path
Each stage below is a recorded decision from the official measure history, attached to the draft it considered. A member's row follows their votes from the first draft to the latest, and a highlighted vote marks where it changed. Committee and conference votes list every member by name. Floor votes list only exceptions; members serving that day who aren't named are shown as ayes in a dashed outline.
- Introduced
- HD1by HSG
- SD1by HOU
Decision stages
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House HSG committee on the introduced draft: Passed, with amendments, reported as HD1
9 aye · 0 no · 0 excused
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House second reading on HD1: Passed
50 aye · 0 no · 0 excused
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House FIN committee on HD1: Passed, unamended
15 aye · 0 no · 1 excused
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House third reading on HD1: Passed
49 aye · 0 no · 1 excused
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Housing (HOU) on HD1: Passed, with amendments, reported as SD1
4 aye · 0 no · 1 excused · Source roll call
Senate members along the path
| Member | HOU HD1 | Change along the path |
|---|---|---|
| Stanley ChangSD-009 | Aye | |
| Brandon ElefanteSD-016 | Aye | |
| Kurt FevellaSD-020 | Excused | |
| Troy HashimotoSD-005 | Aye | |
| Karl RhoadsSD-013 | Aye |
House members along the path
| Member | HSG Introduced | Second reading HD1 | FIN HD1 | Third reading HD1 | Change along the path |
|---|---|---|---|---|---|
| David AlcosHD-041 | Aye | Excused | Aye | ||
| Elle CochranHD-014 | Aye | Aye | Aye | ||
| Luke EvslinHD-016 | Aye | Aye | Aye | ||
| Joe GedeonHD-018 | Aye | Aye | Aye | ||
| Tina GrandinettiHD-020 | Aye | Aye | Aye | ||
| Daisy HartsfieldHD-036 | Aye | Aye | Aye | ||
| Ikaika HusseyHD-029 | Aye | Aye | Aye | ||
| Sue Keohokapu-Lee LoyHD-002 | Aye | Aye | Aye | ||
| Darius KilaHD-044 | Aye | Aye | Aye | ||
| Lisa KitagawaHD-048 | Aye | Aye | Aye | Aye | |
| Matthias KuschHD-001 | Aye | Aye | Aye | ||
| Trish La ChicaHD-037 | Aye | Aye | Aye | ||
| Mike LeeHD-050 | Aye | Aye | Aye | ||
| Tyson MiyakeHD-010 | Aye | Aye | Aye | Aye | |
| Daynette MorikawaHD-017 | Aye | Aye | Aye | ||
| Chris MuraokaHD-045 | Aye | Aye | Aye | ||
| Amy PerrusoHD-046 | Aye | Aye | Excused | ||
| Elijah PierickHD-039 | Aye | Aye | Aye | ||
| Julie Reyes OdaHD-040 | Aye | Aye | Aye | ||
| Jenna TakenouchiHD-027 | Aye | Aye | Aye | ||
| Shirley Ann TemploHD-030 | Aye | Aye | Aye | ||
| Chris ToddHD-003 | Aye | Aye | Aye | ||
| Kyle YamashitaHD-012 | Aye | Aye | Aye |
27 more House members only counted as floor ayes
| Member | HSG Introduced | Second reading HD1 | FIN HD1 | Third reading HD1 | Change along the path |
|---|---|---|---|---|---|
| Terez AmatoHD-011 | Aye | Aye | |||
| Della au BelattiHD-026 | Aye | Aye | |||
| Cory ChunHD-035 | Aye | Aye | |||
| Diamond GarciaHD-042 | Aye | Aye | |||
| Andrew GarrettHD-022 | Aye | Aye | |||
| Mark HashemHD-019 | Aye | Aye | |||
| Linda IchiyamaHD-031 | Aye | Aye | |||
| Greggor IlaganHD-004 | Aye | Aye | |||
| Kim IwamotoHD-025 | Aye | Aye | |||
| Kirstin KahaloaHD-006 | Aye | Aye | |||
| Jeanne KapelaHD-005 | Aye | Aye | |||
| Sam KongHD-033 | Aye | Aye | |||
| Nicole LowenHD-007 | Aye | Aye | |||
| Lisa MartenHD-051 | Aye | Aye | |||
| Scot MatayoshiHD-049 | Aye | Aye | |||
| Lauren MatsumotoHD-038 | Aye | Aye | |||
| Nadine NakamuraHD-015 | Aye | Aye | |||
| Ikaika OldsHD-023 | Aye | Aye | |||
| Mahina PoepoeHD-013 | Aye | Aye | |||
| Sean QuinlanHD-047 | Aye | Aye | |||
| Jackson SayamaHD-021 | Aye | Aye | |||
| Garner ShimizuHD-032 | Aye | Aye | |||
| Kanani SouzaHD-043 | Aye | Aye | |||
| Gregg TakayamaHD-034 | Aye | Aye | |||
| Adrian TamHD-024 | Aye | Aye | |||
| David TarnasHD-008 | Aye | Aye | |||
| Justin WoodsonHD-009 | Aye | Aye |
Aye named · Aye* with reservations · Aye floor vote, not named as an exception · No · Excused · Changed reversed from the previous vote
Names are matched to legislators only when exactly one person fits; every printed name on this measure was matched. A missing vote means no record was found for that member at that stage, not a no vote. Committee codes follow the Legislature's abbreviations.Official measure history ↗
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Legislative history
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Prefiled.
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Introduced and Pass First Reading.
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Referred to HSG, FIN, referral sheet 1
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Bill scheduled to be heard by HSG on Wednesday, 02-11-26 9:00AM in House conference room 430 VIA VIDEOCONFERENCE.
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The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 9 Ayes: Representative(s) Evslin, Miyake, Cochran, Grandinetti, Kila, Kitagawa, La Chica, Muraoka, Pierick; Ayes with reservations: none; Noes: none; and Excused: none.
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Reported from HSG (Stand. Com. Rep. No. 574-26) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
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Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and none excused (0).
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Bill scheduled to be heard by FIN on Friday, 02-27-26 2:00PM in House conference room 308 VIA VIDEOCONFERENCE.
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The committee(s) on FIN recommend(s) that the measure be deferred until 03-02-26.
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Bill scheduled for decision making on Monday, 03-02-26 10:00AM in conference room 308 VIA VIDEOCONFERENCE.
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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, Morikawa, Perruso, Templo, Yamashita, Gedeon, Reyes Oda; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Alcos.
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Reported from FIN (Stand. Com. Rep. No. 861-26), recommending passage on Third Reading.
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Passed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Perruso excused (1). Transmitted to Senate.
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Received from House (Hse. Com. No. 43).
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Passed First Reading.
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Referred to HOU, WAM.
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The committee(s) on HOU has scheduled a public hearing on 03-17-26 1:05PM; Conference Room 225 & Videoconference.
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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.
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Reported from HOU (Stand. Com. Rep. No. 3206) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
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Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.