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HI HB1132
Bill
Status
Engrossed
3/9/2021
Primary Sponsor
Nadine Nakamura
Click for details
AI Summary
- Authorizes the Director of Finance to issue general obligation bonds for deposit into the rental housing revolving fund to fund construction of phase 1 of the School Street elderly housing project on Hawaii public housing authority property on Oahu
- Phase 1 project will include 250 housing units for seniors (kupuna) with incomes at or below 60 percent of area median income
- Appropriates funds from the rental housing revolving fund for fiscal year 2021-2022 to the Hawaii Housing Finance and Development Corporation for phase 1 construction
- Addresses Hawaii's critical shortage of affordable senior housing, with the 2019 Hawaii Housing Planning Study identifying a need for 1,967 units of housing for low to moderate income elderly households by 2025
- Takes effect July 1, 2050
Legislative Description
Relating To Housing.
Appropriation ($)
Last Action
Carried over to 2022 Regular Session.
12/10/2021
Committee Referrals
Ways and Means3/24/2021
Housing3/11/2021
Finance2/19/2021
Housing2/1/2021
Full Bill Text
No bill text available