HI SB2757

Extends the general excise tax exemption for affordable rental housing projects developed under federal contracts from June 30, 2022, to June 30, 2026, allowing certification and approval through June 30, 2026.

Removes the statutory cap of $7,000,000 per year in aggregate general excise tax and use tax costs for approved projects.

Requires that all available units serve households with incomes at or below 140% of area median family income, with at least 20% of units reserved for households at or below 80% of area median family income.

Prohibits housing owners from refusing to lease dwelling units to applicants who hold Section 8 Housing Choice Vouchers or certificates of eligibility under the United States Housing Act of 1937.

Takes effect July 1, 2050.