HI HB1409

Establishes a mixed-income subaccount within the rental housing revolving fund for five years (until June 30, 2030) to finance mixed-income rental projects in transit-oriented development areas, with preference given to projects serving persons and families with incomes up to 140% of median family income.

Requires the transit-oriented development infrastructure improvement district board to consider infrastructure needs of transit-supportive density requirements when determining required infrastructure improvements.

Requires the Hawaii interagency council for transit-oriented development to delineate transit-oriented development areas for each county in its strategic plan.

Defines "transit-supportive density" as county-designated transit-oriented development areas with floor area ratio requirements of at least 4.0 (6.0 within one-half mile of transit stations, 7.0 within one-quarter mile), ministerial permit processing, and no impracticable development standards.

Sunsets sections 2 and 3 on June 30, 2030, returning the rental housing revolving fund to its prior form.