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HI HB675
Bill
Status
Passed
6/21/2023
Primary Sponsor
Troy Hashimoto
Click for details
AI Summary
- Amends Chapter 201H of Hawaii Revised Statutes by adding a new section to Part III regarding application periods for affordable housing financing
- Requires the Hawaii Housing Finance and Development Corporation (HHFDC) to open at minimum two application periods each year, if sufficient funding is available, for parties seeking financing for affordable housing development
- Covers four financing programs: Low-Income Housing Tax Credit Program, Hula Mae Multi-Family Program, Rental Housing Revolving Fund Program, and Dwelling Unit Revolving Fund Program
- Permits consolidation of applications across the four programs for administrative efficiency
- Takes effect on July 1, 2050
Legislative Description
Relating To The Hawaii Housing Finance And Development Corporation.
Affordable Housing
Last Action
Act 091, 06/21/2023 (Gov. Msg. No. 1192).
6/21/2023
Committee Referrals
Ways and Means3/20/2023
Housing3/9/2023
Finance2/15/2023
Housing1/30/2023
Full Bill Text
No bill text available