Loading chat...
HI SB1286
Bill
Status
3/7/2023
Primary Sponsor
Ronald Kouchi
Click for details
AI Summary
-
Increases the maximum lease term for Hawaii Community Development Authority (HCDA) redevelopment projects from 65 years to 99 years to facilitate affordable housing development.
-
Prohibits leases exceeding 65 years for lands classified as crown or government lands prior to August 15, 1895, maintaining restrictions on those historic lands.
-
Allows 99-year leases specifically for the stadium development district without the crown lands restriction.
-
Authorizes HCDA to adopt rules under chapter 91 governing sales by individual unit purchasers in residential leasehold projects.
-
Takes effect on July 1, 2050.
Legislative Description
Relating To The Hawaii Community Development Authority.
Pilot Program
Last Action
Conference committee meeting to reconvene on 04-28-23 10:30AM; Conference Room 229.
4/27/2023