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HI SB1139

Bill

Official Source

Status

Engrossed

3/7/2023

Primary Sponsor

Angus McKelvey

Click for details

Origin

Senate

2024 Regular Session

AI Summary

  • Amends Section 201H-122, Hawaii Revised Statutes to increase the affordable housing requirement for rental projects seeking the Hawaii Housing Finance and Development Corporation's rental assistance program from 20% to 50% of units.

  • Requires eligible projects to maintain the 50% affordable unit threshold in perpetuity rather than for a limited term.

  • Allows projects financed under subpart A of the housing finance law to qualify as eligible projects for rental assistance, in addition to those financed under subparts B or D.

  • Takes effect on July 1, 2050.

Legislative Description

Relating To Housing.

HHFDC

Last Action

Carried over to 2024 Regular Session.

12/11/2023

Committee Referrals

Housing3/9/2023
Ways and Means2/17/2023
Housing1/27/2023

Full Bill Text

No bill text available