HI SB2255

Authorizes the Hawaii Public Housing Authority and Hawaii Housing Finance and Development Corporation to provide rental housing for teachers employed by the Department of Education and public charter schools.

Allows the Hawaii Housing Finance and Development Corporation to contract with state or county agencies to develop and manage teacher housing projects as part of mixed-use developments.

Requires the Department of Education to lease land and contract with private entities for development, management, maintenance, or revitalization of teacher housing.

Permits project owners to lease vacant teacher housing units to non-teacher tenants if occupancy falls below 95 percent of total units.

Appropriates funds for fiscal year 2020-2021 to the Hawaii Public Housing Authority and the dwelling unit revolving fund for teacher housing development; takes effect July 1, 2050.