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HI HB1432
Bill
Status
1/23/2025
Primary Sponsor
Nadine Nakamura
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AI Summary
HB 1432 Summary
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Adds a new priority category (3) for loans administered by certified nonprofit community development financial institutions (CDFIs) to finance development, construction, acquisition, preservation, and substantial rehabilitation of affordable for-sale housing.
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Expands allowable uses of Affordable Homeownership Revolving Fund moneys to include financing as matching funds for CDFIs to mobilize philanthropic, private, or other public funding sources.
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Maintains existing priority categories for HUD, USDA Rural Development, and Treasury CDFI Fund-supported projects with income restrictions, and mixed-income affordable for-sale housing projects.
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Effective July 1, 3000.
Legislative Description
Relating To Housing.
Housing
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Sayama, Ward excused (3).
2/12/2025