HI SB3368

Authorizes the Director of Finance to issue $60,000,000 in general obligation bonds for the initial development and construction of up to 100 permanent supportive housing units in Hawaii.

Allocates bond proceeds to the Hawaii Public Housing Authority to partner with qualified developers or operators to create permanent supportive housing for individuals exiting correctional facilities, those with serious mental illness or developmental disabilities, and those stepping down from institutional care.

Requires the Hawaii Housing Finance and Development Corporation to consider available federal low-income housing tax credits under Internal Revenue Code Section 42 for construction of the permanent supportive housing units.

Directs the Department of Land and Natural Resources to assist by providing suitable public lands for the project and permits the Hawaii Public Housing Authority to partner with government and non-government entities for supportive services.

Requires the Hawaii Public Housing Authority to report annually on the status of the permanent supportive housing development and operation; appropriation does not lapse at end of fiscal biennium but any unencumbered funds lapse June 30, 2024.