HI HB1473

Requires landlords renting eligible affordable housing properties to notify tenants in writing of their potential right to purchase the property.

Establishes a 45-day period during which tenants, affordable housing nonprofits, community land trusts, county housing agencies, and other eligible parties can submit matching offers to purchase eligible affordable housing properties when the owner intends to sell.

Gives tenant purchase offers priority over non-governmental eligible parties and requires owners to negotiate in good faith with matched offer submitters for up to 90 days.

Establishes tiered conveyance tax rates for sales of eligible affordable housing properties, with lower rates (0.30-1.00 per $100) for sales to eligible parties and higher rates (0.45-1.30 per $100) for sales to other buyers, based on property value.

Applies to properties that previously received low-income housing tax credits under Internal Revenue Code Section 42 and are no longer subject to those requirements.