Loading chat...
HI HB1045
Bill
Status
1/25/2017
Primary Sponsor
Joseph Souki
Click for details
AI Summary
-
Increases the authorization cap for Hula Mae multifamily revenue bonds from $1,000,000,000 to $1,500,000,000.
-
Allows the Hawaii Housing Finance and Development Corporation to issue revenue bonds under Hawaii Revised Statutes chapter 201H for funding and purchasing eligible project loans.
-
Aims to address the state's affordable housing crisis by increasing available funding for affordable rental housing programs.
-
Amends Act 291, Session Laws of Hawaii 1980, and its subsequent amendments.
-
Takes effect on a date to be determined.
Legislative Description
Relating To The Housing Loan And Mortgage Program.
Housing Loan And Mortgage Program
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) DeCoite, Tokioka excused (2).
2/17/2017