HI HB2846

Increases reserved housing requirement for major developments on lots of at least one acre in the Kakaako mauka area from previous requirements to at least 25% of countable floor area.

Establishes 20% reserved housing unit requirement for planned developments with multi-family dwellings on lots between 20,000 and 43,559 square feet.

Prohibits cash payments in lieu of constructing reserved housing units and requires reserved housing construction to occur prior to or concurrent with other development uses.

Allows developers to earn credits for excess reserved housing that can be transferred to other projects in the Kakaako mauka area or sold to other developers at mutually agreed prices.

Directs Hawaii community development authority to adopt implementing rules by January 1, 2011, without standard public notice and hearing requirements, and prohibits applications for one-acre+ developments until rules are effective.