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SCR 77

DECLARING THE INTENT THAT PROJECTS WITH HOUSING UNITS THAT QUALIFY FOR HOUSING CREDITS UNDER ACT 31, SESSION LAWS OF HAWAII 2024, ARE STILL ELIGIBLE TO RECEIVE HOUSING CREDITS AFTER THE REPEAL OF ACT 31 IF THE HOUSING PROJECTS WERE APPROVED BY THE HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION BEFORE JULY 1, 2031, AND REQUESTING THE CORPORATION AND EACH COUNTY TO INCLUDE CERTAIN INFORMATION WHEN APPROVING HOUSING PROJECTS FOR HOUSING CREDITS.

2025 Regular Session Introduced by Henry Aquino and 3 co-sponsors

The bill expresses that Act 31 housing credits remain eligible for projects approved by HHFDC before July 1, 2031, and asks for clear credit details in approvals.

Referred to HSG, FIN, referral sheet 28
#act31 #counties #eligibledevelopers #hhfdc #housingcredits #slh2024
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Bill Summary · SCR 77

Summary — SCR 77 (2025) — Intent re: Act 31 housing credits

Purpose / Intent

SCR 77 is a concurrent resolution expressing the Legislature’s intent that housing projects eligible for county-issued housing credits under Act 31, Session Laws of Hawaii 2024, remain entitled to receive those credits after Act 31 is repealed — provided the projects were approved by the Hawaii Housing Finance and Development Corporation (HHFDC) before July 1, 2031. The resolution also requests that HHFDC and the counties include specific, clear information in their approval actions for such projects to reduce uncertainty for developers and financiers.

Key provisions

  • Declares the Legislature’s intent that projects with units qualifying for housing credits under Act 31 remain eligible for those credits after Act 31’s scheduled repeal if the project was approved by HHFDC before July 1, 2031.
  • Requests HHFDC, when approving a housing project that utilizes section 201H‑38, Hawaii Revised Statutes, and qualifies for Act 31 housing credits, to include in its approving action:
    1. A statement regarding an eligible developer’s rights to receive housing credits;
    2. The number of housing units that qualify to earn housing credits; and
    3. The number of housing credits available to be earned.
  • Requests each county to include the same three items in its approving action for such projects.
  • Directs that certified copies of the Concurrent Resolution be transmitted to the HHFDC Executive Director, county mayors (Honolulu, Hawaii, Maui, Kauai), and county council chairpersons.

Who is affected

  • Eligible developers and owners of housing projects relying on Act 31 credits.
  • HHFDC and county governments (permitting/approval authorities) when approving projects under HRS §201H‑38.
  • Lenders, investors, and other stakeholders who rely on the availability of housing credits for project financing.

Timeline & legal effect

  • Act 31 is set to be repealed on July 1, 2031; the resolution covers projects approved by HHFDC before that date.
  • SCR 77 is a non‑binding concurrent resolution — it states legislative intent and makes requests but does not create or change statutory law.
  • Sponsors: Hashimoto, Aquino, Chang, Fevella. Related measures: HCR 78, SR 60.
  • Status: Adopted by the Legislature and chaptered as Res. Chapter 147, Statutes of 2025 (filed with Secretary of State July 16, 2025).

Potential impact

If followed by HHFDC and counties, the requested documentation would reduce uncertainty about credit eligibility for projects approved before July 1, 2031, supporting developer confidence and financing arrangements. Because the resolution is non‑binding, its effect depends on whether HHFDC and counties adopt the requested language in their approval actions.

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

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