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HI SR60
Resolution
AI Summary
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Declares legislative intent that housing projects approved by the Hawaii Housing Finance and Development Corporation before July 1, 2031, remain eligible for housing credits under Act 31 even after Act 31's repeal on that date.
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Requests the Hawaii Housing Finance and Development Corporation include three items in approval actions for qualifying housing projects: a statement of eligible developers' housing credit rights, the number of qualifying housing units, and the number of available housing credits.
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Requests each county include the same three items (developers' credit rights statement, number of qualifying units, and available credits) in their approval actions for qualifying housing projects.
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Directs transmission of certified resolution copies to the HHFDC Executive Director, all four county mayors, and chairpersons of county and city councils.
Legislative Description
Declaring The Intent That Projects With Housing Units That Qualify For Housing Credits Under Act 31, Session Laws Of Hawaii 2024, Are Still Eligible To Receive Housing Credits After The Repeal Of Act 31 If The Housing Projects Were Approved By The Hawaii Housing Finance And Development Corporation Before July 1, 2031, And Requesting The Corporation And Each County To Include Certain Information When Approving Housing Projects For Housing Credits.
Counties
Last Action
Report and Resolution Adopted, as amended (SD 1).
4/2/2025