HI HB1715

Authorizes the Hawaii Housing Finance and Development Corporation (HHFDC) to designate certain for-sale housing units as "permanently affordable," requiring resale only to qualified buyers with HHFDC approval and prohibiting short-term rentals of less than 90 days.

Permanently affordable units would be subject to a resale price formula tied to an affordability index, with restrictions enforced through deed covenants that run with the property.

Simplifies the definition of "qualified resident" for HHFDC housing programs to require only U.S. citizenship or resident alien status, Hawaii domicile, physical residency in the unit, and being at least 18 years old.

Clarifies that existing 10-year resale restrictions and occupancy requirements apply only to housing projects developed before a date to be specified, preserving current rules for older projects.

Effective date is set as July 1, 3000 (placeholder date), with provisions to ensure amendments are not repealed when section 201H-47 is reenacted on June 30, 2028.