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HI HB521

Bill

Official Source

Status

Engrossed

2/19/2013

Primary Sponsor

Jo Jordan

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

  • Authorizes issuance of general obligation bonds and appropriates funds to the rental housing trust fund for affordable rental housing development

  • Hawaii Housing Finance and Development Corporation received $37,000,000 in funding requests during fiscal year 2012 but could only commit $20,700,000 to four projects totaling 317 units

  • Additional 230 rental units went unfunded due to insufficient available funds in the trust fund

  • Appropriation will increase Hawaii Housing Finance and Development Corporation's flexibility to expand the state's affordable rental housing inventory through public-private partnerships

  • Committee on Human Services recommends passage and referral to Committee on Ways and Means

Legislative Description

General Obligation Bonds; Appropriation; Rental Housing Trust Fund ($)

Last Action

Report adopted; Passed Second Reading and referred to WAM.

3/18/2013

Committee Referrals

Ways and Means3/18/2013
Human Services3/5/2013
Finance1/31/2013
Housing1/22/2013

Full Bill Text

No bill text available