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HI HB2620
Bill
Status
1/24/2018
Primary Sponsor
Tom Brower
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AI Summary
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Authorizes the director of finance to issue $2.0 billion in general obligation bonds for affordable housing development across multiple programs and projects.
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Allocates $500 million for Hawaii Housing Finance and Development Corporation's dwelling unit, rental housing, and rental assistance revolving funds.
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Allocates $400 million for Hawaii Public Housing Authority to complete Kuhio Park Terrace improvements, Mayor Wright housing development, and School Street project for residents earning 30-60% of area median income.
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Allocates $200 million for temporary transitional housing and homeless shelters on all islands, convertible to low-income rental units, for residents earning 0-60% of area median income.
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Allocates $450 million for affordable rental units (30-140% of area median income), $400 million for transit-oriented infrastructure development near Aloha Stadium and other priority sites, and $50 million for Hawaiian Home Lands condominium construction for eligible homesteaders.
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Dedicates conveyance tax and county surcharge on state tax revenues to repay the bonds.
Legislative Description
Relating To Housing.
Appropriation ($)
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, Ing, McDermott, Nakamura, Souki, Todd excused (6).
2/15/2018