HI HB833

Authorizes the Hawaii Housing Finance and Development Corporation to establish a five-year Community Land Trust Equity Pilot Program providing low-cost lines of credit to community land trusts for acquiring, rehabilitating, renovating, or constructing housing for qualified residents.

Requires the corporation to prioritize applications requiring the least amount of state funding per unit, per year.

Mandates interim reports to the legislature by January 20 of 2026, 2027, 2028, and 2029, and a final report by January 20, 2030 with findings, recommendations, and proposed legislation.

Appropriates funds from the Dwelling Unit Revolving Fund for fiscal years 2025-2026 and 2026-2027, with the specific amount left blank in the bill text.

Defines "community land trust" as a nonprofit with specified governance requirements, including majority membership election of board members and equal representation of lessees, non-lessee members, and other categories; sunsets program on June 30, 2030.