S.C.R. No. 147 Summary

• The state rental assistance program administered by the Hawaii Housing Finance and Development Corporation provides monthly rental assistance subsidies to qualified rental project owners to help eligible tenants afford rent payments.

• The program has historically served 1,437 units across 17 affordable rental projects statewide, but currently supports only 10 projects with 1,204 assisted units due to expired contracts and lack of resources for new ones.

• Rental assistance subsidies target moderate-income households at or below 80 percent of area median income while maintaining sufficient rental income for project economic feasibility.

• The Hawaii Housing Finance and Development Corporation is encouraged to reevaluate the rental assistance program's eligibility requirements to increase low-income household access to permanent affordable rental housing.

• A certified copy of this concurrent resolution shall be transmitted to the Executive Director of the Hawaii Housing Finance and Development Corporation.