HI HR124

Urges the Hawaii Housing Finance and Development Corporation (HHFDC) to adopt policies providing full disclosure of tax exemptions it certifies for affordable housing construction.

Requires HHFDC to review each claim for exemptions under Hawaii Revised Statutes sections 201H-36, 201H-37, and 237-29(a) prior to initial or renewal certification.

Mandates HHFDC maintain records of each person or business receiving tax exemptions, including the claimant's name and address, housing project details, approval criteria, and exemption amount claimed.

Requires HHFDC to maintain annual and cumulative records of all tax exemptions claimed and make all affordable housing tax incentive records public upon request.

Directs HHFDC to submit annual records to the Legislature no later than 20 days before each Regular Session, beginning with the 2011 session.