HI SB865

Establishes the ALOHA Homes Program (Affordable, Locally Owned Homes for All) to develop low-cost leasehold homes on state and county-owned land within one mile of public transit stations in counties with populations over 500,000.

Authorizes the Hawaii Public Housing Authority to sell 99-year leasehold interests in residential units to qualified Hawaii residents who must be owner-occupants and cannot own other real property while holding an ALOHA home.

Prohibits renting or subleasing ALOHA homes and allows enforcement through facial recognition, fingerprint authorization, or retina scan technologies; violations subject to forced sale of the unit.

Creates the ALOHA homes revolving fund to be funded by general revenues and proceeds from sales; developments must be revenue-neutral to the State and counties with median home prices adjusted annually for inflation.

Appropriates unspecified amounts for fiscal years 2023-2024 and 2024-2025 for the revolving fund and to establish 3.0 FTE program manager positions and 1.0 FTE development specialist position; effective July 1, 2050 and repeals July 1, 2053.