HI SCR213

Urges Hawaii Housing Finance and Development Corporation to prioritize allocation of funds from the Rental Housing Revolving Fund, Dwelling Unit Revolving Fund, and Low-Income Housing Tax Credits to projects using taxpayer funds most efficiently and addressing urgent state housing priorities.

Requests HHFDC prioritize funds for loan guarantees and credit enhancement for private lender financing to developers of housing exclusively for Hawaii residents who are owner- or renter-occupants with no other real property.

Urges revision of the Low-Income Housing Tax Credit Program's Qualified Allocation Plan to prioritize state-owned projects and award up to 20 percent of maximum 120 points to projects conveying ownership to the State or organizations required to reinvest surpluses in housing construction.

Requests administrative rule amendments to the Rental Housing Revolving Fund to award up to 20 percent of maximum 250 points to state-owned projects and prioritize applicants with demonstrated accelerated repayment of past state housing loans.

Urges promotion of supportive housing in the Low-Income Housing Tax Credit Program and amendment of the 2023-2024 Qualified Allocation Plan to facilitate supportive housing development and housing for Department of Hawaiian Home Lands waitlist members and public employees.