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HI HB951
Bill
Status
3/7/2023
Primary Sponsor
Scott Saiki
Click for details
AI Summary
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Appropriates funds from general state revenues into the Rental Housing Revolving Fund for fiscal year 2023-2024 (specific dollar amount not filled in).
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Appropriates additional funds from the rental housing revolving fund to support rental housing projects, with up to a specified amount designated for mixed-income rental projects serving individuals and families earning 60-100% of the state median family income.
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Allows any unexpended balance as of June 30, 2025, to be used for other rental housing projects under Hawaii Revised Statutes section 201H-202(e)(1)(A) and (B).
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Directs the Hawaii Housing Finance and Development Corporation to manage the appropriated funds; specifies the appropriation does not lapse at fiscal year-end but any unencumbered moneys lapse on June 30, 2025.
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Effective date July 1, 2050.
Legislative Description
Relating To Housing.
Appropriation ($)
Last Action
Received notice of appointment of House conferees (Hse. Com. No. 839).
4/24/2023