HI SB2800

Increases the authorization limit for Hula Mae Multifamily Revenue Bonds issued by the Hawaii Housing Finance and Development Corporation, though the specific dollar amount is blank in the bill text.

Allows the corporation to issue bonds pursuant to Hawaii Revised Statutes Chapter 39 and Chapter 201H for funding and purchasing eligible project loans under the housing loan programs.

Aims to enable continued financing of affordable rental housing development and preservation statewide, with previous bond series totaling $418,244,699 financing 3,172 units.

Amends Section 11 of Act 291, Session Laws of Hawaii 1980, replacing the previous $750,000,000 authorization cap with the new (unspecified) amount.

Takes effect on July 1, 2050.