Relating To Limited-profit Housing Associations.
Last status update Jan 21, 2026
What this measure contains
Establishes an organizational, tax, and regulatory framework for limited-profit housing associations. Establishes the Limited-Profit Housing Council within the Department of Business, Economic Development, and Tourism to oversee limited-profit housing associations. Requires reports to the Legislature. 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
Drafts can change as a measure moves through the Legislature. Check the version attached to a recorded vote.
- Introduced · Official document ↗· Jan 15, 2026
- Amended · Official document ↗· Feb 19, 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
- SD1by CPN
Decision stages
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Housing (HOU) on the introduced draft: Passed, with amendments, reported as SD1
4 aye · 0 no · 1 excused · Source roll call
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Commerce and Consumer Protection (CPN) on the introduced draft: Passed, with amendments, reported as SD1
5 aye · 0 no · 0 excused · Source roll call
Senate members along the path
| Member | HOU Introduced | CPN Introduced | Change along the path |
|---|---|---|---|
| Brenton AwaSD-023 | Aye | ||
| Stanley ChangSD-009 | Aye | ||
| Brandon ElefanteSD-016 | Aye | ||
| Kurt FevellaSD-020 | Aye | ||
| Carol FukunagaSD-011 | Aye | ||
| Troy HashimotoSD-005 | Aye | ||
| Jarrett KeohokaloleSD-024 | Aye | ||
| Rachele Fernandez LamosaoSD-019 | Aye | ||
| Angus McKelveySD-006 | Aye | ||
| Karl RhoadsSD-013 | Excused |
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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Pending Introduction.
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Introduced and passed First Reading.
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Referred to HOU/CPN, WAM/JDC.
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The committee(s) on HOU/CPN has scheduled a public hearing on 02-03-26 9:31AM; Conference Room 229 & 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, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Rhoads.
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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.
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Reported from HOU/CPN (Stand. Com. Rep. No. 2640) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM/JDC.
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Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM/JDC.