Loading chat...
HI HR75
Resolution
Status
Introduced
3/12/2026
Primary Sponsor
Luke Evslin
Click for details
AI Summary
- Hawaii House Resolution supports expanding use of the Dwelling Unit Revolving Fund to provide interim loans for predevelopment costs on any government affordable housing project, not just those owned by the Hawaii Housing Finance and Development Corporation
- Predevelopment financing carries higher risk than construction financing due to variables that could make projects impracticable, which has historically limited HHFDC from funding projects administered by other entities
- Predevelopment costs include site analysis, technical studies, conceptual designs, construction drawings, environmental assessments, and permit documentation
- Resolution calls for interim predevelopment loans to be repaid to HHFDC through the project's permanent financing source
- Certified copies of the resolution are to be transmitted to the Executive Director and Board Chairperson of the Hawaii Housing Finance and Development Corporation
Legislative Description
Supporting The Use Of The Dwelling Unit Revolving Fund To Fund Predevelopment Costs For Any Government Affordable Housing Development Project Through Interim Loans To Expedite The Delivery Of Affordable Housing To Hawaii's Residents.
Dwelling Unit Revolving Fund
Last Action
Offered
3/16/2026
Full Bill Text
No bill text available