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HI SR47

Resolution

Status

Passed

4/1/2024

Primary Sponsor

Stanley Chang

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Origin

Senate

2024 Regular Session

AI Summary

  • Urges Hawaii Housing Finance and Development Corporation (HHFDC) to adopt administrative rules creating a process for housing projects exclusively for moderate-income households under HRS Section 201H-38.

  • Requests new process allow housing projects to be sold or rented exclusively to qualified residents defined as moderate-income households under HRS Section 201H-32.

  • Specifies new process should be in addition to, not replacing, current rules requiring half of units available to buyers at or below 140% of area median income.

  • Requires certified copies be transmitted to the Governor, HHFDC Executive Director and Board Chairperson, Chief Housing Officer, and Director of Business, Economic Development, and Tourism.

Legislative Description

Urging The Hawaii Housing Finance And Development Corporation To Adopt Administrative Rules To Create A Process Under Section 201h-38, Hawaii Revised Statutes, For Housing Projects Exclusively For Sale Or Rent To Qualified Residents As Defined In Section 201h-32, Hawaii Revised Statutes, Who Are Deemed To Be Moderate-income Households.

Exemption

Last Action

Certified copies of resolution sent, 05-31-24

5/31/2024

Committee Referrals

Housing3/14/2024

Full Bill Text

No bill text available