HI HB2849

Imposes reserved housing requirements on planned development permit projects of 20,000 square feet or larger in the Kakaako mauka area, with percentages ranging from 20-30% for residential and 10-20% for commercial floor area depending on lot size.

Establishes specific housing unit types and affordability targets, with for-sale units limited to families earning not more than 140% of median income and rental units limited to families earning not more than 100% of median income.

Applies retroactively to areas already covered under approved master plans, with a four-year transition period allowing developers to obtain permits and begin construction under existing requirements.

Exempts reserved housing units from infrastructure assessments and public facilities fees, and allows density bonuses of 5% for every 20,000 square feet of reserved housing floor area beyond minimum requirements.

Eliminates the authority to accept cash payments or substituted housing outside the Kakaako community development district as alternatives to on-site reserved housing construction.