Hawaii HB1432 amends housing loan priorities to benefit low-income families.
Hawaii HB1432 modifies the allocation of housing loans to prioritize projects benefiting low-income families. Loans will now favor projects funded by federal programs, with at least 50% of units reserved for families earning up to 80% of the median family income, and 5% for those earning up to 50%. The remaining units are reserved for families earning up to 120% of the median family income. The fund's money will support various housing development activities, including planning, design, and land acquisition.
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