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republic-os/legislation/us/states/hi/2023-regular-session/hb-677.md
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Fabio a43f31b272 Legislation: batch A — AK AL AR AZ CO CT DE GA HI IA ID 
Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 17:26:56 -04:00

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---
type: "Bill"
title: "RELATING TO THE DWELLING UNIT REVOLVING FUND."
description: "Changes the computation of interest that a purchaser of certain real property is required to pay to the Hawaii Housing Finance and Development Corporation upon the purchaser's sale or assignment of the real property after a specified period of time. Authorizes the Hawaii Housing Finance and Development Corporation to establish a five year dwelling unit revolving fund equity pilot program and report to the Legislature regarding the pilot program. Authorizes the Hawaii Housing Finance and Development Corporation to use up to $10,000,000 of existing funds in the dwelling unit revolving fund for the pilot program. Sunsets 6/30/2028. (CD1)"
jurisdiction: "us/states/hi"
legislature: "Hawaii Legislature"
session: "2023 Regular Session"
identifier: "HB 677"
citation: "Hawaii HB 677 (2023 Regular Session)"
classification: ["bill"]
subjects: ["Computation of Interest", "Dwelling Unit Revolving Fund Equity Pilot Program", "HHFDC", "Real Property", "Reports ($)"]
status: "enacted"
primary_sponsors: ["AIU", "HASHIMOTO", "KILA", "KITAGAWA", "MARTEN", "TODD"]
version_count: 5
action_count: 49
vote_count: 6
first_action: "2023-01-20"
last_action: "2023-06-21"
source: "openstates"
source_identifier: "ocd-bill/e1cb6de8-3b6d-4b44-ac75-166bf6d66340"
source_url: "https://capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=677&year=2023"
source_hash: "ffbbb4bbba2f5ebe4f157dc503b27788c14dfe06f8915ca724ef1ce7aaf7cbbd"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-hi"]
---
# Hawaii HB 677 (2023 Regular Session) — RELATING TO THE DWELLING UNIT REVOLVING FUND.
Changes the computation of interest that a purchaser of certain real property is required to pay to the Hawaii Housing Finance and Development Corporation upon the purchaser's sale or assignment of the real property after a specified period of time. Authorizes the Hawaii Housing Finance and Development Corporation to establish a five year dwelling unit revolving fund equity pilot program and report to the Legislature regarding the pilot program. Authorizes the Hawaii Housing Finance and Development Corporation to use up to $10,000,000 of existing funds in the dwelling unit revolving fund for the pilot program. Sunsets 6/30/2028. (CD1)
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **HB677** (committee substitute) — [source](https://capitol.hawaii.gov/sessions/session2023/bills/HB677_.HTM)
2. **HB677_CD1** (committee substitute) — [source](https://capitol.hawaii.gov/sessions/session2023/bills/HB677_CD1_.HTM)
3. **HB677_HD1** (committee substitute) — [source](https://capitol.hawaii.gov/sessions/session2023/bills/HB677_HD1_.HTM)
4. **HB677_SD1** (committee substitute) — [source](https://capitol.hawaii.gov/sessions/session2023/bills/HB677_SD1_.HTM)
5. **HB677_SD2** (committee substitute) — [source](https://capitol.hawaii.gov/sessions/session2023/bills/HB677_SD2_.HTM)
## Votes
- The Conference Committee recommends that the measure be Passed, with Amendments. — **4–0** (pass) · lower
- The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. — **13–0** (pass) · upper
- The committee on FIN recommend that the measure be PASSED, UNAMENDED. — **15–0** (pass) · lower
- The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENTS. — **4–0** (pass) · upper
- The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. — **3–0** (pass) · upper
- The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. — **7–0** (pass) · lower
## Sponsors
- AIU — primary (person)
- HASHIMOTO — primary (person)
- KILA — primary (person)
- KITAGAWA — primary (person)
- MARTEN — primary (person)
- TODD — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2023-06-21** Act 092, 06/21/2023 (Gov. Msg. No. 1193). `became-law`
- **2023-06-21** Act 092, on 06/21/2023 (Gov. Msg. No. 1193). `became-law`
- **2023-05-04** Transmitted to Governor.
- **2023-05-04** Received notice of Final Reading (Sen. Com. No. 996). `receipt`
- **2023-05-04** Received notice of passage on Final Reading in House (Hse. Com. No. 901). `receipt`
- **2023-05-04** Passed Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and Representative(s) Lowen, Martinez excused (2). `passage`
- **2023-05-04** Passed Final Reading, as amended (CD 1) Ayes, 25; Aye(s) with reservations: none. Noes, 0 (none). Excused, 0 (none). `passage`
- **2023-05-02** Deferred One Day 05-04-23. `deferral`
- **2023-05-02** Deferred one day 05-04-23. `deferral`
- **2023-04-28** 48 Hrs. Notice (as amended CD 1) 05-02-23.
- **2023-04-28** Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 142).
- **2023-04-28** Forty-eight (48) hours notice Tuesday 05-02-23.
- **2023-04-28** Reported from Conference Committee (Conf Com. Rep. No. 142) as amended in (CD 1).
- **2023-04-28** The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 3 Aye(s): Senator(s) Chang, Keith-Agaran, Aquino; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none. `committee-passage-favorable`
- **2023-04-28** The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 4 Ayes: Representative(s) Hashimoto, Aiu, Evslin, Matsumoto; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.
- **2023-04-27** Conference Committee Meeting will reconvene on Friday 04-28-23 11:05AM in conference room 224.
- **2023-04-26** Conference Committee Meeting will reconvene on Thursday 04-27-23 11:05AM in conference room 224.
- **2023-04-25** Bill scheduled for Conference Committee Meeting on Wednesday, 04-26-23 11:05AM in conference room 224.
- **2023-04-24** Received notice of Senate conferees (Sen. Com. No. 975). `receipt`
- **2023-04-24** Senate Conferees Appointed: Chang Chair; Keith-Agaran Co-Chair; Aquino.
- **2023-04-24** Received notice of appointment of House conferees (Hse. Com. No. 839). `receipt`
- **2023-04-21** House Conferees Appointed: Hashimoto, Aiu Co-Chairs; Evslin, Matsumoto.
- **2023-04-14** Received notice of disagreement (Hse. Com. No. 800). `receipt`
- **2023-04-13** House disagrees with Senate amendment (s). `amendment-failure`
- **2023-04-11** Returned from Senate (Sen. Com. No. 768) in amended form (SD 2).
- **2023-04-11** Report adopted; Passed Third Reading, as amended (SD 2). Ayes, 24; Aye(s) with reservations: none . Noes, 0 (none). Excused, 1 (Senator(s) Keohokalole). Transmitted to House. `passage`
- **2023-04-05** 48 Hrs. Notice 04-11-23.
- **2023-04-05** Reported from WAM (Stand. Com. Rep. No. 1723) with recommendation of passage on Third Reading, as amended (SD 2).
- **2023-03-30** The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Keith-Agaran, Aquino, DeCoite, Inouye, Kanuha, Kidani, Kim, Lee, Moriwaki, Shimabukuro, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none. `committee-passage-favorable`
- **2023-03-28** The committee(s) on WAM will hold a public decision making on 03-30-23 10:05AM; Conference Room 211 & Videoconference.
- **2023-03-23** Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. `reading-2, referral-committee`
- **2023-03-23** Reported from HOU (Stand. Com. Rep. No. 1282) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
- **2023-03-16** The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in HOU were as follows: 4 Aye(s): Senator(s) Chang, Kanuha, Rhoads, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Aquino. `committee-passage-favorable`
- **2023-03-14** The committee(s) on HOU deferred the measure until 03-16-23 1:00PM; Conference Room 225. `deferral`
- **2023-03-10** The committee(s) on HOU has scheduled a public hearing on 03-14-23 1:01PM; Conference Room 225 & Videoconference.
- **2023-03-09** Referred to HOU, WAM. `referral-committee`
- **2023-03-07** Passed First Reading. `reading-1`
- **2023-03-07** Received from House (Hse. Com. No. 174). `introduction, receipt`
- **2023-03-03** Passed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Alcos, Matayoshi excused (2). Transmitted to Senate. `passage`
- **2023-03-03** Reported from FIN (Stand. Com. Rep. No. 973), recommending passage on Third Reading.
- **2023-02-24** The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 15 Ayes: Representative(s) Yamashita, Kitagawa, Aiu, Chun, Cochran, Kahaloa, Kila, Kobayashi, Lamosao, Morikawa, Nishimoto, Poepoe, Takenouchi, Alcos, Ward; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Garrett. `committee-passage-favorable`
- **2023-02-22** Bill scheduled to be heard by FIN on Friday, 02-24-23 10:00AM in House conference room 308 VIA VIDEOCONFERENCE.
- **2023-02-15** Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and none excused (0). `reading-2, referral-committee`
- **2023-02-15** Reported from HSG (Stand. Com. Rep. No. 436) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
- **2023-02-10** The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Hashimoto, Aiu, Kila, Kitagawa, Marten, Todd, Matsumoto; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Onishi. `committee-passage-favorable`
- **2023-02-08** Bill scheduled to be heard by HSG on Friday, 02-10-23 9:30AM in House conference room 312 VIA VIDEOCONFERENCE.
- **2023-01-30** Referred to HSG, FIN, referral sheet 3 `referral-committee`
- **2023-01-23** Introduced and Pass First Reading. `introduction, reading-1`
- **2023-01-20** Pending introduction.
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/e1cb6de8-3b6d-4b44-ac75-166bf6d66340`. Confidence: reported (aggregated from official Hawaii legislature records).
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