HI HB1010

Establishes a mixed-income subaccount within the rental housing revolving fund to provide loans for mixed-income rental housing projects serving households earning up to 140% of area median income.

Directs the Hawaii housing finance and development corporation to establish an application process for the mixed-income subaccount with preference given to projects with diverse affordability levels, located on state or county land, and projecting full loan repayment within 40 years.

Gives nonprofit projects preference over for-profit or government projects when equally ranked in the mixed-income subaccount lending process.

Authorizes the director of finance to transfer funds from the rental housing revolving fund to the mixed-income subaccount for fiscal year 2025-2026 (specific amount not specified in bill text).

Modifies the existing rental housing revolving fund priority system to add mixed-income projects as a third priority category after low-income housing tax credit projects.