HI HB1117

Authorizes Hawaii Housing Finance and Development Corporation to plan and develop rental housing projects for teachers and other school employees employed by the Department of Education, public charter schools, and the executive office on early learning public prekindergarten program.

Allows the corporation to contract or sponsor experimental or demonstration housing projects with any state or county department or agency for teachers or other government employees.

Authorizes the Department of Education to lease land and contract with private entities for development, management, maintenance, or revitalization of housing for teachers and other school employees.

Permits housing units to be rented to other eligible tenants if occupancy by teachers and school employees falls below a threshold percentage determined by the Department of Education through administrative rules.

Appropriates funds to the dwelling unit revolving fund for fiscal years 2023-2024 and 2024-2025; if the Department of Education does not identify and approve land by December 31, 2023, funds may be used for general dwelling unit revolving fund purposes.