SB 491 SD1

Hawaii Senate bill in Session 2026.

Status: in_committee. Latest action: February 12, 2025.

HHFDC; Counties; Accessory Dwelling Units; Equity; Purchase; Voluntary Deed Restrictions.

Bill ID HI-2026-SB-491
Session 2026
Status in_committee
Committee HOU, WAM
Senate in_committee 2025-02-12
Business / Commerce Housing Tax / Budget / Appropriations
Summary

Establishes the Accessory Dwelling Unit Financing and Deed Restriction Program to be administered by the Hawaii Housing Finance and Development Corporation to allocate funds to the counties for the purchase of equity for eligible homeowners or homebuyers to finance construction costs, development costs, and non-reoccurring closing costs associated with the construction of an accessory dwelling unit and purchase deed restrictions on such property. Exempts the conveyance tax for certain properties for taxable years beginning on 1/1/2026. Effective 7/1/2050. (SD1)

Sponsor
Stanley Chang
Official Source Back to Bills
Actions Timeline
Date Event Detail
0000-00-00 Introduced Bill introduced
2025-02-12 Status in_committee
2025-02-12 Latest Action Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
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