HI SB591

Authorizes the director of finance to issue $2 billion in general obligation bonds for affordable housing development and infrastructure projects across multiple state agencies.

Allocates $500 million for the Hawaii Housing Finance and Development Corporation's dwelling unit, rental housing, and rental assistance funds.

Allocates $400 million for the Hawaii Public Housing Authority to complete Kuhio Park Terrace, Mayor Wright housing development, and School Street projects for residents earning 30-60% of area median income.

Allocates $200 million for temporary transitional housing or homeless shelters on four islands, convertible to low-income rental units, serving residents earning 0-60% of area median income.

Allows conveyance tax revenues (up to $38 million annually) and county surcharge on state tax revenues to be used to repay the issued bonds.