Video & Transcript : 'homeowner financing' :

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MN

Minnesota 2025-2026 Regular Session

Committee on Finance - 05/12/26

Finance

Transcript Highlights:
  • The May 12th meeting of the Senate Finance Committee will come to order.
  • Does it go to the homeowners?
  • The finance number of provisions.
  • </c> Um, and Elsbeth Cabert, the Finance Um, and Elsbeth Cabert, the Finance Committee<01:05:32.600><
  • </c> possibly our last forever Finance possibly our last forever Finance Committee<01:06:20.240><c> meeting
Committee: Senate Finance
Keywords: 1187, senate, all
OK

Oklahoma 2026 Regular Session

Senate Legislative Session Mar 25th, 2026

Oklahoma Senate Floor Meeting

Transcript Highlights:
  • So homeowners inherit long-term financial obligations tied to the property.
  • Florida homeowners have faced governance abuses leading to recall legislation.
  • Texas homeowners pay significantly higher effective tax rates in MUDs.
  • Homeowners have faced governance abuses leading to recall legislation.
  • Texas homeowners pay significantly higher effective tax rates in MUDs.
Summary: The Senate first handled several gallery introductions recognizing visiting groups, including Muskogee Day, domestic violence advocates, Wagner High School leadership students, the Bixby Chamber and football team, and the Heartland Home Educators co-op. The chamber also adopted a motion to suspend debate rules for the remainder of the day so third-reading bills could be debated under shortened time limits. Senate Bill 134, which shortens the waiting period for Oklahoma Public Employees Retirement System retirees to return to public employment from one year to six months, drew questions about “double dipping,” actuarial impact, and workforce shortages. The author said the bill was requested by the Association of County Commissioners to help counties retain experienced workers, noted an actuarial estimate that the system would drop from 107% to 105% funded, and explained there were no special safeguards beyond existing limits. The bill advanced and then passed 47-0. Senate Bill 196, a measure naming multiple bridges, highways, and interchanges for veterans, law enforcement officers, and other honorees, was presented as a personal bill by the author, including a bridge named for his grandfather. After brief questions, it advanced and passed 47-0. Senate Bill 1636, which allows immediate family members or similar individuals to request OSBI review of cold homicide cases after a local law enforcement case-file review, also advanced after questions about eligibility, timing, and workload; supporters said it would give families a path to seek answers in long-unsolved cases. It passed 47-0. The chamber then considered Senate Bill 1725, which addresses expressive activity on higher-education campuses by allowing content-neutral security fees, limiting discipline to narrowly defined harassment, and requiring free speech training for first-year students. Debate centered on campus free speech, university accountability, and whether the bill would add costs or sufficient enforcement; it passed 40-17 and was advanced as an emergency measure. Senate Bill 1726, a companion bill requiring training for graduate assistants who teach, emphasizing classroom management, academic integrity, and viewpoint neutrality, passed 41-7 and was also advanced as an emergency measure. Finally, Senate Bill 259, a long-debated water bill requiring metering or approved measuring devices for groundwater use, drew extensive discussion over costs, property rights, regional differences, and regulation of irrigators; the bill was advanced to final passage after a 34-8 vote, with debate continuing at the end of the transcript.
HI

Hawaii 2025 Regular Session

PBS Public Hearing - Fri Mar 21, 2025 @ 9:00 AM HST

Public Safety

Transcript Highlights:
  • I'm president of my homeowners association. We have an emergency preparedness plan.
  • I'm president of my homeowners association. We have an emergency preparedness plan.
  • I'm president of my homeowners association. We have an emergency preparedness plan.
  • So your homeowners association has developed what?
  • So your homeowners association has developed what?
Committee: House Public Safety
Keywords: 910, house, all
Summary: The Committee on Public Safety met on March 21, 2025, and heard several resolutions related to corrections, emergency preparedness, and wildfire risk. Early items included HCR 62/HR 57 on flying the National League of Families POW/MIA flag year-round at the state Capitol, for which no one testified, and HCR 154/HR 49, which would request a comprehensive forensic audit of DCR and DAGS spending tied to planning and building a new jail to replace the Ahu Community Correctional Center. The ACLU strongly supported the audit, arguing that the state has spent millions on jail planning over many years without clear accounting, that a new jail is unnecessary and fiscally irresponsible, and that public-private partnership arrangements could reduce transparency. Committee members questioned the use of the term “forensic,” the age of some cited allegations, and whether the auditor could instead conduct another type of audit; the ACLU said it was open to other audit language and offered to help compile background materials. No vote was taken in the portion provided. The committee also heard HCR 63, asking DCR to provide separate clinical counseling services for correctional staff, with one supporter, and HCR 23, which asks DCR to include circuit and district court facilities in planning the new Ahu Community Correctional Center and to establish a release procedure that avoids releasing detainees into residential communities or public spaces. DCR Director Johnson said the department supported the intent of HCR 23 and had discussed it with the Chief Justice and court administrator, adding that one multi-purpose courtroom could handle both district and circuit proceedings. The chair then moved on without further discussion. A major portion of the meeting focused on HCR 37, which asks HEMA to work with other agencies on outreach and preparedness for kūpuna. Testifiers from the Pearl City Neighborhood Board, AARP Hawaii, and the Hawaii Council of Community Associations supported the measure, citing the vulnerability of older adults and people with disabilities during disasters, lessons from the Lahaina fires, and the need for clear evacuation plans, siren reliability, and better coordination with care homes and condominium associations. Several speakers described local preparedness efforts and concerns about gaps in communication and implementation. The committee also discussed HCR 69/HR 62 on creating a vegetation management working group to reduce wildfire risk; the Division of Consumer Advocacy supported it, with testimony describing dangerous incidents involving vines and bamboo contacting electrical lines and causing sparking and a utility pole fire. The meeting ended with testimony and questions continuing on that topic, and no final committee action was shown in the excerpt.
FL

Florida 2026 Regular Session

Community Affairs Jan 27th, 2026

Community Affairs

Transcript Highlights:
  • This bill is about protecting homeowners, strengthening transparency, and ensuring that community funds
  • This bill is about protecting homeowners, strengthening transparency, and ensuring that community funds
  • Draws reasonable boundaries, protects constitutional rights, and provides clarity for homeowners, faith
  • My concern on the phase one and phase two, as somebody who's developed stuff, is also from a financing
  • What has changed is the cost of financing, the cost of insurance, the cost of materials, and the cost
Keywords: 999, senate, all
Summary: The committee took up a broad agenda of local government, land use, housing, and public notice bills. It reported favorably SB 984 on firefighter cancer benefits, SB 1612 requiring local governments to accept electronic payments, SB 1180 creating a recall process for community development district board members and adding related CDD provisions on synthetic turf and compact urban mixed-use districts, SB 936 on temporary door locking devices, CS/SB 380 expanding options for publishing legal notices, SB 962 clarifying that the Live Local zoning preemption does not unintentionally capture farms and farm operations, SB 1444 on state preemption involving religious gatherings, private clubs, and certain permitting issues, SB 218 narrowing hurricane-related land-use protections to affected counties, SB 1020 regulating chickee huts, and SB 1434 creating a redevelopment framework for environmentally impacted parcels in certain urban counties. Several of these bills were amended before passage, including SB 1180, SB 380, and SB 948. Testimony was mixed on the more controversial measures. Supporters of SB 984 said the bill clarifies benefits for firefighters diagnosed with occupational cancer. On SB 380, the Florida Press Association and Common Cause opposed shifting legal notices away from newspapers and warned that publication would become more fragmented and harder to find, while the sponsor argued the bill would save money and reflect digital practices. SB 1444 drew support from Florida Family Voice on religious freedom grounds, but the Florida League of Cities and Florida Association of Counties warned that the bill was broad, undefined in places, and could create unintended consequences for local zoning, parking, and permitting. SB 1434 on redevelopment of environmentally impacted land drew support from housing advocates but opposition from counties and cities, which said it would bypass local development review and could allow overdevelopment. The committee also heard substantial testimony on SB 948, which would create a statewide framework for starter-home and lot-split regulations in residential areas. Supporters, including housing advocates, a Gainesville city commissioner, and an urban economist, said local regulations have constrained housing supply and that the bill would help produce more starter homes. Opponents, including the Florida Association of Counties, 1,000 Friends of Florida, and the Florida League of Cities, argued it would function as a statewide zoning code, reduce local planning authority, and create infrastructure and litigation concerns. The bill was amended and then laid over for further consideration after extensive debate and public comment.
FL

Florida 2026 5th Special Session

Judiciary Mar 25th, 2025

Transcript Highlights:
  • creates a definition for base rent to address an issue that was brought to us by Florida Housing Finance
  • We still have to go back and work with Florida Housing Finance Corporation just to make sure they've
  • My name is John Howard, a resident and homeowner in Walton County, and I'm here to speak against this
  • A homeowner who can't say no trespassing doesn't own his home anymore. It's that simple.
  • Christine Boulos, private citizen and homeowner in Walton County, waving in support.
Summary: The committee first took up CS for Senate Bill 304, which would address child protective investigations involving children with certain genetic or medical conditions that can mimic signs of abuse. Senator Sharif and several family members and advocates described cases in which children were removed after injuries were initially misread as abuse, and argued the bill would give parents more opportunity to obtain qualified medical opinions. The committee adopted a substitute amendment that removed language imposing analysis duties on certain medical professionals, then passed the bill favorably after testimony in support from the Florida chapter of the American Academy of Pediatrics and several affected families. The committee then considered SB 1430 on post-judgment execution proceedings for terrorism victims, SB 96 on relief for Jacob Rogers, SB 382 on affordable housing rent agreements, SB 4 and SB 6 on claims bills for Patricia Armini and Jose Correa, SB 1142 on release of conservation easements, SB 658 on waiver or release of liens, SB 28 and SB 30 on claims involving South Broward Hospital District and the Broward County Sheriff’s Office, SB 24 on relief for Mandy Penny Lemon, SB 72 on campaign funds for child care expenses, and SB 1622 on recreational customary use of beaches. Most of these bills were explained by their sponsors as narrow relief or technical measures, and the committee heard a mix of support and opposition from claimants, local governments, industry groups, and advocacy organizations. Several bills drew substantive debate. On SB 382, members discussed rent stability and whether the bill should better address lease language and future rent increases; the amendment and bill were both reported favorably. On SB 1142, members raised concerns about environmental and drainage impacts and whether releases of conservation easements should be mandatory or discretionary, but the bill still passed favorably. On SB 72, members questioned the scope of allowable campaign child care expenses and the need for stronger guardrails against abuse; the bill nevertheless passed favorably. On SB 1622, testimony sharply divided between supporters of restoring public beach access and opponents defending private property rights; debate continued when the transcript ended, so no final vote on that bill is reflected here.
HI

Hawaii 2025 Regular Session

CPC Public Hearing- Thu Jan 30, 2025 @ 2:00 PM HST

Consumer Protection & Commerce

Transcript Highlights:
  • Condominium owners throughout Hawaii have been subjected to a lot of adverse impacts to their finances
  • is to create a new regulatory category, um, for, uh, I guess, association managers, managers of homeowners
  • </c><01:11:05.679><c> associations</c> managers of homeowners associations managers of homeowners associations
  • I've been involved in the condo industry and the homeowner association industry, which includes co-ops
  • </c> condo industry and the homeowner condo industry and the homeowner association<01:13:16.040><c> industry
Keywords: 910, house, all
Summary: The committee on Consumer Protection and Commerce met on January 30, 2025, and heard testimony on several condominium-related bills, beginning with HB 70. HB 70 would require a budget summary disclosure for condominiums. Supporters, including Community Associations Institute, a real estate broker, and several condominium owners, said the bill would improve consumer protection by giving owners and buyers a clearer, more understandable snapshot of an association’s financial health and reserve compliance. One supporter noted the bill should help reduce confusion caused by lengthy reserve studies and emphasized the importance of accurate disclosure. A testifier also urged the committee to hear other condominium bills quickly, including measures related to an ombudsman, managing agents, parliamentarians, and attorney’s fees. The committee then heard HB 106, which would change the process for condominium fines and disputes. Phil Nery of CAI and other supporters said the bill would strengthen due process by requiring clearer notice, allowing an internal board appeal, and then permitting small claims court review without attorney’s fees unless the fine is upheld. They argued this would prevent fines from escalating into costly legal disputes and provide a more linear, fair process. Some supporters suggested amendments, including clarifying that the statute controls over association documents and refining refund language. During questioning, members raised concerns about small claims limits and whether associations would be represented by volunteers or attorneys. One testifier initially in support later said he would not support the bill as written after hearing HPD’s concerns. HB 224, relating to property rights, drew opposition from the Department of the Attorney General and the Honolulu Police Department. Both agencies said the bill would improperly push law enforcement into a quasi-judicial role and could short-circuit existing due process procedures for occupants of residences. A realtor who had initially been listed in support changed his position after hearing the opposition testimony. The committee also heard emotional testimony from a resident describing a long-running squatter and utility theft problem at a neighboring property, which he said took years of court action and police involvement to resolve. No votes or final committee actions were taken during the portion of the meeting reflected in the transcript.
OK
Transcript Highlights:
  • Senate Bill 1090 by Adams of the House and Thompson of the Senate, relating to public finance.
  • This is protecting homeowners from predatory door-knocking roofers and contractors.
  • It gives homeowners five days to get out. Of a contract.
  • Of the Senate, an act relating to public finance. Representative Adams now moves to pass the bill.
  • Their finances two years ago, in 2024, at that time, we knew exactly what this was going to be.
CA

California 2025-2026 Regular Session

Senate Judiciary Committee Apr 14th, 2026

Judiciary

Transcript Highlights:
  • The leasehold interest that homeowners hold also needs to be accounted for.
  • And this value is not covered under homeowners insurance, and it was not lost due to the disaster.
  • The leasehold interest that homeowners hold also needs to be accounted for.
  • Financing. Our lots are cleared.
  • There's also a real impact on housing costs, and this touches both renters and homeowners.
Committee: Senate Judiciary
Keywords: 987, senate, all
NH

New Hampshire 2025 Regular Session

House Finance Division III (03/04/2025)

Transcript Highlights:
  • I'm going to open this morning's Division III work session for Finance.
  • Again, as a homeowner, I did that on my own.
  • Again, as a homeowner, I did that on my own.
  • </c> able to reach out to those homeowners able to reach out to those homeowners because<01:14:36.320
  • </c> business but also for the homeowners business but also for the homeowners that<01:14:51.679><c>
Keywords: 928, house, all
Summary: The Finance Division III work session focused on the Department of Health and Human Services’ Division of Public Health Services budget. Department staff said Public Health has a relatively small budget compared with other DHHS divisions, is supported mostly by federal and other non-General funds, and contains nearly 100 accounting units and more than 50 federal grants. They emphasized that the governor’s budget did not include significant cuts, but that federal funding uncertainty and the winding down of pandemic-era resources were major factors affecting the division. The division also explained that some apparent budget growth reflects reorganizations, including moving the Bureau of Emergency Preparedness, Response, and Recovery and some programs from other DHHS divisions into Public Health. The presentation described Public Health’s mission as serving the entire state through food and water safety, disease surveillance, emergency response, maternal and child health, chronic disease prevention, WIC, community health center support, and public health data collection. Members asked about bird flu, and staff explained that human-health response would involve Public Health’s lab, infectious disease, and emergency preparedness units, while animal-health issues are handled with the Department of Agriculture; they also noted ongoing milk testing requested by FDA and USDA. The division said its organizational structure includes bureaus for Family Health and Nutrition, Infectious Disease Control, Public Health Protection, Emergency Preparedness, Prevention and Wellness, Statistics and Informatics, and Public Health Laboratories, with about a 15% vacancy rate. Committee members questioned whether the division’s budget and staffing had really grown since pre-COVID, and staff responded that full-time authorized staffing is about the same as in 2018, with the increase largely due to federal pandemic funding that has since receded and to program transfers between divisions. They said Public Health’s General Fund share is about $24 million out of roughly $1.1 billion in DHHS General Fund spending, or about 2.2% of the department total. Members also asked about the 3,000-position cap and unfunded positions; staff explained that the cap remains in chapter law through June 30, 2025, that 394 positions were unfunded in the governor’s budget, and that the division expects flexibility to move money from personnel lines and fill unfunded positions to manage changing needs. No votes or formal actions were taken in this portion of the work session.
FL
Transcript Highlights:
  • We have Suzanne Pridgin, Deputy Commissioner, Division of Finance and Operations, here to present the
  • We have Suzanne Pridgin, Deputy Commissioner, Division of Finance and Operations, here to present EOGB
  • We know that homeowners are the ones who are facing the crisis, and renters and I'd like to make sure
  • that information, we will see that it is being handled to address the affordability crisis in our homeowners
Summary: The Legislative Budget Commission met to consider 21 budget amendments, beginning with the Department of Education’s request for $14.751 million in federal grant authority for the Preschool Development Grant. Members asked whether any funds would support VPK or provider payments; the department said the money is for birth-to-kindergarten early learning work, including IT modernization, workforce credentialing, training, and streamlining director certification. The amendment was adopted without objection. The commission then approved amendments for the Department of Veterans Affairs to shift $2.2 million within its trust fund to cover higher nursing home occupancy and reduce staffing agency use, and for the Department of Health to realign about $9.1 million for disability determinations amid a backlog of roughly 140,000 cases. The Agency for Health Care Administration presented multiple Medicaid-related amendments, including $766 million for indirect medical education, $1.9 million for managed care network adequacy audits, $209 million for the Rural Health Transformation Program, and several large supplemental payment programs for KidCare, hospitals, physicians, cancer hospitals, nursing IME, and public hospital payments. Members questioned network adequacy, rural access, and the KidCare surplus and expansion; the KidCare realignment drew debate, with some members objecting because the 2023 eligibility expansion has not been implemented, but the amendment passed on a roll call vote. Other amendments adopted included FDLE’s $16.3 million for counter-UAS detection and mitigation equipment, DJJ’s $1.6 million for Florida Scholars Academy and a Social Services Block Grant realignment, and emergency management pass-throughs for FIFA World Cup security and counter-drone funding to the Miami host committee. The Department of Commerce received $148.4 million for disaster recovery under the CDBG-DR program, with questions about the split between housing, infrastructure, and administrative costs. The Department of State also received $408,377 for arts and culture grant authority. Most amendments were adopted without objection, and the commission adjourned after completing the agenda.
LA

Louisiana 2026 Regular Session

Commerce Apr 21st, 2026

Commerce, Consumer Protection, and International Affairs

Transcript Highlights:
  • Don't we have to, as a homeowner, mitigate our damages? Yes, you have a duty to mitigate.
  • And a homeowner, they're kind of just as guilty because they hear, 'Oh, I get free stuff.
  • More important than that, this is how homeowners get help after storms.
  • Representative Glorioso even said that homeowners may not have electricity.
  • I don't care how they finance it or do whatever, but they would be on the hook for 100%.
Summary: The committee first heard House Bill 267, which would change the membership rules for the Louisiana State Board of Home Inspectors by adjusting appointment qualifications, term limits, and nomination procedures. Vice Chair Thomas explained the bill was meant to address the lack of nominations from existing entities and to allow the governor more flexibility, especially in smaller districts. After adopting a technical amendment, the committee reported HB 267 favorably. The committee then considered House Bill 478 on utility overcharge reimbursements. The bill, as amended, requires utilities to clearly label reimbursements on customer bills and sets a deadline for issuing refunds. After discussion with the Public Service Commission and utility representatives, the committee changed the reimbursement timeline from 45 days to 90 days and clarified that the bill would not interfere with larger settlement or regulatory credits. HB 478 was then reported favorably as amended. The longest discussion centered on House Bill 924, a consumer protection measure aimed at contractors who solicit residential property owners after declared disasters. The author said the bill was intended to curb predatory storm-chasing and fraudulent insurance-related practices, while still allowing emergency mitigation work. The committee adopted technical amendments and then a conceptual amendment shortening the catastrophe response period from six months to 30 days. Testimony was split: the Insurance Commissioner and some roofing industry witnesses supported the bill as a way to deter fraud, while other contractors argued it would hurt small businesses, limit legitimate door-to-door work, and not solve enforcement problems. The bill remained under consideration after extensive testimony and public comment.
MN

Minnesota 2025-2026 Regular Session

House Human Services Finance and Policy Committee 3/6/25

Human Services Finance and Policy

Transcript Highlights:
  • The House Human Services Finance and Policy Committee will come to order. We do have a quorum.
  • It allows for homeowners associations to provide accommodations to allow those service dogs while in
  • It allows for homeowners associations to provide accommodations to allow those service dogs while in
  • It allows for homeowners associations to provide accommodations to allow those service dogs while in
  • It allows for homeowners associations to provide accommodations to allow those service dogs while in
Bills: HF958 , HF688 , HF702
ND

North Dakota 2026 1st Special Session

Tax Reform and Relief Advisory Committee Jun 23rd, 2026 at 10:00 am

Tax Reform and Relief Advisory Committee

Transcript Highlights:
  • The first slide just shows the disbursement amount, the value, the credit, if you will, that homeowners
  • So that program did experience a very nice jump in the amount of relief provided, again, to homeowners
  • So in aggregate, we have... $33 million of benefit provided to homeowners.
  • So it's meaningful, it's impactful, and the feedback we get from homeowners is very appreciative.
  • So the homeowners themselves aren't necessarily always seeing that.
Keywords: 908, all
NH

New Hampshire 2025 Regular Session

House Science, Technology and Energy (01/28/2025)

Science, Technology and Energy

Transcript Highlights:
  • So we've been told by the House Finance Committee that we should not bring them any bills that require
  • </c> did so we've been told by the finance did so we've been told by the finance committee<05:18:10.240
  • the house finance committee committee the house finance committee that<05:18:11.760><c> we</c><05:18
  • James Kallis from the New Hampshire Business Finance Authority. defer most of them to to other defer
  • I’m the executive director of the state’s Business Finance Authority.
Keywords: 1189, house, all
LA

Louisiana 2026 Regular Session

Ways and Means Apr 7th, 2026

Ways & Means

Transcript Highlights:
  • My name is Dionne Badon, and as a homeowner, I support House Bill 515.
  • And as a homeowner, I support House Bill 515.
  • I mean, if the homeowner came back and got it would be great and fixed it up, that's not the issue.
  • The exemption is for all homeowners. It is not for corporations or investors.
  • It is a benefit for everyday homeowners.
Committee: House Ways & Means
OK
Transcript Highlights:
  • few years, Beverly decided she wanted to go to college so that she could help with the household finances
  • I think it would actually be a good thing for property taxes to be less than inflation, as homeowners
  • Are we balancing the scales more towards commercial property owners and not towards homeowners, or truly
  • , but the fact is, for a fixed rate, Oklahoma will be the best in the nation on protections for homeowners
  • It's good protections for homeowners, property owners in the state of Oklahoma to do what we can to help
MN

Minnesota 2025-2026 Regular Session

Energy Committee Meeting - 2025-03-27

Energy Finance and Policy

Transcript Highlights:
  • I call the meeting of the Committee on Energy Finance and Policy to order, and we have a quorum.
  • You have to build financing relationships. We've had to build custom software products.
  • And members of the Minnesota House Energy Finance and Policy Committee, my name is Kristen Fornes.
  • Hello, Committee Chair Sudzinski and members of the House Energy Finance and Policy Committee.
  • So with that same logic, if a homeowner puts Solar on their roof and are offsetting their usage, then
Bills: HF2103 , HF2793
FL

Florida 2025 Regular Session

Community Affairs Feb 18th, 2025

Transcript Highlights:
  • INFORMATION AND I TRY TO DO RESEARCH QUICKLY, I WAS NOT ABLE TO FIND ADEQUATE INFORMATION OF THE FINANCING
  • I CAN TOTALLY THE MEZZANINE FINANCING PROVISION IS OUT IN THE AMENDMENT I AM ABOUT TO EXPLAIN. >> Sen
  • THAT IS DATA STRUCK FROM THE BILL AND WOULD ANSWER PREVIOUS QUESTION ABOUT MEZZANINE FINANCING THAT
  • I READ THIS BILL THOROUGHLY MY ONLY QUESTION WAS ABOUT MEZZANINE FINANCING WHEN YOU CAME BACK WITH THE
  • THE EXEMPTION PERTAINS TO RECORDS HELD BY THE DEPARTMENT COMMERCE, FLUID HOUSING FINANCE CORPORATION,
Keywords: 999, senate, all
TX

Texas 89th Regular

Ways & Means Aug 22nd, 2025

Ways & Means

Transcript Highlights:
  • Increase in percentage so the homeowner can see that there is an actual increase in side-by-side comparison
  • can explain why, in fact, if there is an increase, why they are increasing to better inform the homeowner
  • Half a million, from what I've been told by our finance department. Thank you, sir. Appreciate it.
  • For the average Brownsville homeowner, the proposed reduction provides only minimal tax relief—less than
  • A homeowner in Representative Capriglione's district in the same house will pay less tax this year than
Bills: HB17 , HB23 , SB 10
Committee: House Ways & Means
HI
Transcript Highlights:
  • and Development Corporation to Finance and Development Corporation to an<00:20:47.120><c> amount</c>
  • </c> Finance and Development Corporation. Finance and Development Corporation.
  • </c><01:23:00.560><c> And</c> homeowners. It's borne by renters. And homeowners.
  • Next item is HB 1740, relating to the Hawaii Housing Finance and Development Corporation.
  • </c> Finance and Development Corporation. Finance and Development Corporation.
Committee: House Housing
Summary: The House Housing Committee met on February 4 and heard testimony on several housing measures, beginning with HB1721, which clarifies insurance, indemnification, and certificate-of-occupancy requirements for expedited permits. Testimony on HB1721 was uniformly supportive from the American Council of Engineering Companies, the Grassroot Institute, and individual testifiers, who said the bill would fix insurance issues for design professionals and encourage more participation in the expedited-permit program. No opposition was heard and no questions were raised. The committee then heard HB1714, which would raise salary caps for the executive director and deputy executive director positions at the Hawaii Housing Finance and Development Corporation and allow more autonomy in personnel matters, including employment contracts. HHFDC supported the bill, saying greater flexibility is needed to recruit and retain staff and that current pay ceilings are not the main issue because the agency lacks operating funds to reach them. The Department of Human Resources Development offered comments and raised concerns about autonomous personnel authority and employment contracts, saying state personnel matters are governed by existing statutes and collective bargaining rules; the Hawaii Public Housing Authority also offered comments, and one board member and one individual opposed the measure. Members questioned whether performance-based pay or existing incentive policies could address retention instead of statutory salary changes. The committee also heard HB1718, which would make permanent county authority to facilitate mixed-use developments and issue county bonds for low- and moderate-income housing projects. Support came from OPSD, HHFDC, the City and County of Honolulu’s Department of Housing and Land Management, and Housing Hawaii’s Future, all emphasizing that permanent authority is needed to finance long-term mixed-use and transit-oriented projects. A member asked whether the sunset provision would make bonding impractical, and the city representative agreed that temporary authority would make financing difficult because development takes time. Later, the committee took up HB1732, establishing the Kamina Homes program to fund counties’ purchase of voluntary deed restrictions from eligible buyers. The Department of Taxation and several groups, including HHFDC, AARP Hawaii, the Tax Foundation of Hawaii, Hawaii Realtors, Holomua Collaborative, and others testified, with most supporting the bill as a way to help local families remain in Hawaii and age in place. Holomua said a recent survey found 75% of 3,200 working families were considering moving, and argued the bill could preserve housing for local residents. Members asked about the bill’s 8% cap on deed-restriction cost and why the program focuses on residency rather than resale restrictions; the bill’s proponents said the cap allows flexibility for county negotiations and that the measure is aimed at workforce preservation rather than land-trust-style appreciation limits. Finally, the committee heard HB1740, which would modify a prior HHFDC housing pathway by reducing the qualified-resident requirement from 100% to 80% and allowing more flexibility for long-term rental instead of owner occupancy. HHFDC and Holomua Collaborative supported the change, saying the earlier 100% requirement had produced no developments or applicants and that the revised standard would make projects more feasible while still preserving housing for local residents. The committee did not take final votes on these measures during the portion of the hearing provided.