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Bill

SB 944

RELATING TO THE LOW-INCOME HOUSING TAX CREDIT.

2026 Regular Session Introduced by Troy Hashimoto

Hawaii bill modifying low-income housing tax credit program to incentivize affordable housing development, negotiated through multiple conference committees before 2026 reintroduction.

Carried over to 2026 Regular Session.
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Bill Summary · SB 944

Legislative bill overview

SB 944 relates to modifications of Hawaii's Low-Income Housing Tax Credit (LIHTC) program, though the specific provisions are not detailed in the available information. The bill underwent multiple conference committee meetings in April 2025 and was carried over to the 2026 Regular Session, indicating significant negotiation between chambers.

Why is this important

Hawaii faces a severe affordable housing shortage, making tax credit programs critical tools for incentivizing private development of low-income units. Changes to LIHTC structure, allocation formulas, or credit amounts directly affect housing developers' ability to finance affordable projects and ultimately determine how many low-income residents can access stable housing.

Potential points of contention

  • Credit allocation and distribution – Disagreement over how credits are allocated among projects, geographic areas, or developer types
  • Income eligibility thresholds – Disputes about what income levels qualify as "low-income" and whether limits should be adjusted for Hawaii's high cost of living
  • Developer incentives vs. public cost – Debate over whether tax credit amounts are sufficient to stimulate development or represent excessive public subsidy with limited affordability guarantees

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

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