Act 212, on 07/08/2026 (Gov. Msg. No. 1314).
Summary
The bill lets the Hawaii Housing Finance and Development Corporation use the Rental Housing Revolving Fund for any kind of financing—loans, equity, credit enhancements, or collateral—for building, preserving, or rehabilitating rental housing. It gives the corporation discretion to favor projects that keep units affordable forever, are revenue‑neutral, and are run by borrowers with a record of early repayment. It also creates a mixed‑income subaccount, a reserve for bond‑cap recycling, and a limited line of credit to keep funds available.
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