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HB 921

Education Impact Transparency Act; enact

2025-2026 Regular Session Introduced by Bryce Berry and 5 co-sponsors

HB 921 aims to improve Hawaii's housing finance by changing the Board of Directors' membership, enhancing governance for better affordable housing solutions.

House Second Readers
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Bill Summary · HB 921

Summary of Bill HB 921

Overview

Bill Number: HB 921
Title: Relating to the Hawaii Housing Finance and Development Corporation
Status: Introduced and Passed First Reading
Introduced Date: January 21, 2025
Classification: Bill
Subject: Board of Directors, Hawaii Housing Finance and Development Corporation, Membership

Purpose and Intent

The primary purpose of HB 921 is to amend the governance structure of the Hawaii Housing Finance and Development Corporation (HHFDC) by modifying the membership of its Board of Directors. This bill aims to enhance the effectiveness and responsiveness of the HHFDC in addressing housing finance and development issues within the state of Hawaii.

Key Provisions

  • Board Membership Changes: The bill proposes specific changes to the composition of the Board of Directors of the HHFDC. While the exact details of these changes are not specified in the provided information, it is expected that the amendments will aim to ensure a more diverse and representative board that can better address the housing needs of Hawaii's residents.
  • Enhanced Governance: By revising the membership criteria, the bill seeks to improve governance and oversight of housing finance initiatives, potentially leading to more effective policy-making and implementation.

Impact

  • Stakeholders Affected: The changes proposed in HB 921 will directly impact the members of the HHFDC Board of Directors, as well as stakeholders involved in housing finance and development, including developers, local governments, and residents seeking affordable housing options.
  • Potential Benefits: A more representative and effective board could lead to improved decision-making processes, better alignment of housing policies with community needs, and enhanced access to affordable housing solutions for residents of Hawaii.

Legislative Timeline

  • January 21, 2025: Bill introduced and passed its first reading.
  • January 23, 2025: Referred to the House Committees on Housing (HSG) and Judiciary & Hawaiian Affairs (JHA) for further consideration.

Conclusion

HB 921 represents a legislative effort to strengthen the governance of the Hawaii Housing Finance and Development Corporation by revising the membership of its Board of Directors. As the bill progresses through the legislative process, it will be crucial to monitor any further developments and specific provisions that may be introduced to enhance the effectiveness of housing finance and development in Hawaii.

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

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