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HI SB3113
Bill
Status
1/23/2020
Primary Sponsor
Lorraine Inouye
Click for details
AI Summary
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Directs the Hawaii Housing Finance and Development Corporation (HHFDC) to take title to a 15.418-acre parcel in Honokaa, Hawaii County (TMK No. (3) 4-5-010:122), provided the corporation determines the parcel is suitable for residential development after due diligence.
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Requires HHFDC to conduct a feasibility study examining plans, market demand, legal impediments, public-private partnership options, and funding requirements for affordable rental housing development on the parcel.
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Mandates the feasibility study be submitted to the governor and legislature no later than twenty days before the 2021 regular legislative session convenes.
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Appropriates $750,000 from general revenues for fiscal year 2020-2021 to fund the feasibility study.
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Makes the Act effective on December 31, 2050.
Legislative Description
Relating To Housing.
Appropriation ($)
Last Action
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2/14/2020