HI SB2749

Adds a new exemption to school impact fees for housing developments constructed by nonprofit housing organizations where units are leased or sold to persons or families earning up to 80% of the area median income as determined by HUD.

Amends Section 302A-1603, Hawaii Revised Statutes, to add the nonprofit affordable housing exemption to existing exemptions that include senior housing, replacement homes, and projects with education contribution agreements.

Exemption is intended to encourage nonprofit developers to provide more low-income housing and increase the overall affordable housing supply in Hawaii communities.

Takes effect July 1, 2016.