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HI HB1693
Bill
Status
1/22/2016
Primary Sponsor
John Mizuno
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AI Summary
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Reduces income threshold for priority low-income housing projects from 80% to 60% of median family income for at least half of available units.
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Increases the percentage of units reserved for very low-income households from 5% to 10% of available units (those earning at or below 30% of median family income).
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Reduces income eligibility for remaining units in priority projects from 100% to 80% of median family income.
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Eliminates the 140% income cap for mixed-income rental projects, replacing it with a 100% median family income limit.
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Effective date: July 1, 2050.
Legislative Description
Rental Housing Revolving Fund
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on HSG with none voting aye with reservations; none voting no (0) and Representative(s) Thielen excused (1).
2/4/2016