Establishes a grant program for small housing providers in Hawaii to fund property renovations and repairs.

The bill creates a grant program for small housing providers in Hawaii, defined as residential buildings with two to fifty rental units. Eligible property owners, with income at or below 150% of the median family income, can apply for grants to cover property renovations and repairs, including structural, plumbing, electrical, and safety repairs, as well as addressing hazardous living conditions. To qualify, property owners must sign a five-year affordability covenant, limiting rents and income eligibility.

Establishes a grant program for small housing providers in Hawaii to fund property renovations and repairs.

The bill creates a grant program for small housing providers in Hawaii, defined as residential buildings with two to fifty rental units. Eligible property owners, with income at or below 150% of the median family income, can apply for grants to cover property renovations and repairs, including structural, plumbing, electrical, and safety repairs, as well as addressing hazardous living conditions. To qualify, property owners must sign a five-year affordability covenant, limiting rents and income eligibility.