HB389 Summary

• Authorizes the Director of Finance to issue general obligation bonds and appropriates funds to the Hawaii Housing Finance and Development Corporation and Department of Hawaiian Home Lands for affordable housing development in fiscal years 2017-2018 and 2018-2019.

• Establishes funding for the rental housing revolving fund and dwelling unit revolving fund to improve existing public and affordable housing stock and increase affordable housing units statewide.

• Allocates appropriations from general revenues for construction of micro apartment units (220-320 square feet for up to two occupants) and housing for Native Hawaiian beneficiaries on Hawaiian homestead lands.

• Appropriates funds from general revenues to build affordable housing projects for veterans, recognizing that one in six homeless individuals nationally are veterans.

• Requires the Hawaii Housing Finance and Development Corporation and Department of Hawaiian Home Lands to submit reports to the Legislature by twenty days before the 2018 and 2019 regular sessions detailing set-aside plans for upkeep and maintenance of constructed housing facilities.