H.B. 567 Summary

• Exempts planning, design, financing, and construction activities for new or rehabilitated homestead housing projects developed by the Department of Hawaiian Home Lands from general excise taxes, including projects under government assistance programs, nonprofit sponsorship, or providing affordable rental housing with at least 50% of units for households at or below 80% of area median income.

• Makes permanent the exemption of housing developed by the Department of Hawaiian Home Lands from school impact fee requirements where new housing units are created for beneficiaries of the Hawaiian Homes Commission Act, 1920.

• Extends the lapse date for the $600,000,000 appropriation to the Department of Hawaiian Home Lands under Act 279, Session Laws of Hawaii 2022, from June 30, 2025 to allow continued expenditure through that date.

• Makes permanent the issuance of county affordable housing credits to the Department of Hawaiian Home Lands for housing development and expands memoranda of agreement eligibility to include the counties of Hawaii and Kauai in addition to Honolulu.

• Effective January 1, 2024.