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HI HB616
Bill
Status
1/23/2023
Primary Sponsor
Nadine Nakamura
Click for details
AI Summary
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Amends Act 88, Session Laws of Hawaii 2021 (as amended by Act 248, Session Laws of Hawaii 2022) to modify appropriations for the Hawaii Housing Finance and Development Corporation (BED160).
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Requires $5,000,000 in general fund appropriations for fiscal year 2022-2023 to be deposited into the affordable homeownership revolving fund established under section 201H-206, Hawaii Revised Statutes.
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Broadens the use of funds from specifically providing loans to nonprofit community development financial institutions and nonprofit housing development organizations to general purposes for which the revolving fund is established.
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Specifies that appropriated moneys shall not lapse at the end of the fiscal year, but any unencumbered moneys remaining on June 30, 2024, shall lapse on that date.
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Takes effect upon approval.
Legislative Description
Relating To The Affordable Housing Revolving Fund.
State Budget
Last Action
Referred to HSG, FIN, referral sheet 2
1/27/2023