S.B. 2652 Summary

• Amends Hawaii Revised Statutes Section 201H-38 to add an alternative provision allowing for-sale housing projects to operate without income restrictions under specified conditions

• For-sale projects exempt from income restrictions must be built exclusively for Hawaii residents who will be owner-occupants in perpetuity and own no other real property

• Renumbers existing subsections (4) and (5) to accommodate the new provision, with land use commission boundary change approval procedures moved to subsection (5)

• Takes effect on June 18, 2050