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HI SCR46
Concurrent Resolution
Status
Introduced
3/10/2026
Primary Sponsor
Troy Hashimoto
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AI Summary
- Supports using the Dwelling Unit Revolving Fund to provide interim loans for predevelopment costs on any government affordable housing development project, not just projects owned by the Hawaii Housing Finance and Development Corporation (HHFDC)
- Predevelopment phase includes site analysis, technical studies, conceptual designs, environmental assessments, permit applications, and financing documentation—activities that carry higher lending risk than construction financing
- Recognizes that not all Hawaii counties have flexible funding available for affordable housing predevelopment costs, making state-level support critical
- Interim predevelopment loans would be repaid to HHFDC through the project's permanent financing source
- Directs certified copies 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.
3/10/2026
Full Bill Text
No bill text available