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SB 2675

RELATING TO THE LOW-INCOME HOUSING TAX CREDIT.

2026 Regular Session Introduced by Stanley Chang and 2 co-sponsors

SB 2675 modifies Hawaii's Low-Income Housing Tax Credit program to adjust affordable housing development financing mechanisms, currently under committee review.

The committee(s) on HOU deferred the measure until 02-10-26 1:00PM; Conference Room 225 & Videoconference.
#extension #limitedliabilitycompanies #low-incomehousingtaxcredit #partners
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Bill Summary · SB 2675

Legislative bill overview

SB 2675 modifies Hawaii's Low-Income Housing Tax Credit (LIHTC) program, a federal tax incentive mechanism used to finance affordable rental housing development. The bill is currently in committee review with a scheduled hearing on February 5, 2026, and has been deferred for further discussion on February 10, 2026.

Why is this important

Hawaii faces a severe affordable housing shortage, with some of the nation's highest rental costs relative to median income. The LIHTC is a primary financing tool for affordable housing projects, so modifications to this program directly impact the feasibility and scale of affordable housing development across the state.

Potential points of contention

  • Specific program changes: Without access to the bill's detailed text, the exact modifications (credit allocation, income eligibility limits, project requirements, or compliance standards) cannot be assessed
  • Funding implications: Changes may affect the total housing tax credits available to developers, potentially expanding or constraining affordable housing production capacity
  • Developer and stakeholder alignment: Housing advocates, developers, and fiscal conservatives may disagree on whether modifications adequately address housing needs versus fiscal responsibility

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

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