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HR 36

DECLARING THE INTENT THAT AFFORDABLE HOUSING CREDITS ARE PERPETUAL AND REMAIN VALID UNTIL REDEEMED, AND REQUESTING THE COUNTIES TO RECOGNIZE THESE CREDITS WITHOUT EXPIRATION DATES.

2026 Regular Session Introduced by Terez Amato and 11 co-sponsors

Hawaii resolution declares affordable housing developer credits should never expire and directs counties to honor them perpetually without expiration dates.

To be offered.
#affordablehousingcredits #affordablehousingprograms #counties #perpetualduration
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Bill Summary · HR 36

Legislative bill overview

HR 36 is a Hawaii resolution declaring that affordable housing credits should be perpetual and never expire, requesting counties to honor these credits indefinitely rather than enforcing expiration dates. The bill seeks to extend the validity of credits issued to developers or property owners as incentives for creating or maintaining affordable housing units.

Why is this important

Affordable housing credits are typically used by Hawaii counties to incentivize developers to build lower-income housing by offering tax breaks, density bonuses, or other benefits. If credits currently expire, developers may lose valuable incentives they've earned, potentially discouraging affordable housing projects. Making credits perpetual could remove barriers to affordable housing development and ensure developers don't lose earned benefits due to timing delays in construction or bureaucratic processes.

Potential points of contention

  • Fiscal impact on counties: Perpetual credits could create undefined long-term revenue loss for counties if these incentives reduce tax collections indefinitely, making budget planning difficult.
  • Fairness and abuse concerns: Without expiration dates, credits could be hoarded, transferred between owners, or used strategically years later in ways not intended by original policy, potentially undermining the original affordability goals.
  • Lack of specificity: The resolution doesn't clarify which existing credits would be made perpetual, whether it applies retroactively, or what "redeemed" means—creating implementation uncertainty for counties.

Compiled from official sources — confirm details with the bill’s official record.

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