HI HB951

Appropriates funds from Hawaii's general revenues for fiscal year 2023-2024 to be deposited into the rental housing revolving fund established under Hawaii Revised Statutes section 201H-202 (specific dollar amount blank in document).

Appropriates funds from the rental housing revolving fund for fiscal year 2023-2024 to carry out revolving fund purposes, with up to a specified amount designated for mixed-income rental projects or units serving individuals and families at 60-100 percent of median family income for Hawaii (specific dollar amount blank in document).

Allows unexpended or unencumbered balances as of June 30, 2025, to be used for other rental housing projects under Hawaii Revised Statutes sections 201H-202(e)(1)(A) and (B).

Directs the Hawaii housing finance and development corporation to expend the appropriated funds; appropriation does not lapse at end of fiscal year but all unencumbered moneys lapse on June 30, 2025.

Takes effect on July 1, 2050.