HI HB605

Authorizes the Hawaii Community Development Authority (HCDA) to approve residential development on specified parcels in Kakaako Makai, bounded by Ala Moana Boulevard, Forrest Avenue, Ilalo Street, Ohe Street, Olomehani Street, Ahui Street, and Kewalo Basin shoreline

Raises the building height limit to 400 feet for residential developments on parcels bounded by Ala Moana Boulevard, Ilalo Street, and Forrest Avenue

Requires at least 50% plus one unit of residential units on certain parcels to be allocated to households earning at or below 140% of area median income, with priority given to essential workers within 5 miles (health care, hospitality, education, law enforcement, civil service, construction)

Restricts sale of residential units in approved developments to prospective owner-occupants only

Establishes a Kakaako Makai Association Fee to be collected from residential owners and deposited into a special account within the Hawaii Community Development Revolving Fund for maintenance, improvements, free public parking, beach access, security, and parks in the Kakaako Makai area