Hawaii HB1473 aims to preserve affordable housing by requiring landlords to notify tenants of their right to purchase the property and establishing a.

Hawaii HB1473 seeks to preserve affordable housing by mandating landlords to inform tenants about their potential right to purchase the property. The bill allows tenants, families, local governments, affordable housing nonprofits, and community land trusts to match or beat any bona fide offer to buy an eligible affordable housing property within forty-five days. It also establishes conveyance tax rates for the sale of such properties, with rates varying based on the property's value.

Hawaii HB1473 aims to preserve affordable housing by requiring landlords to notify tenants of their right to purchase the property and establishing a.

Hawaii HB1473 seeks to preserve affordable housing by mandating landlords to inform tenants about their potential right to purchase the property. The bill allows tenants, families, local governments, affordable housing nonprofits, and community land trusts to match or beat any bona fide offer to buy an eligible affordable housing property within forty-five days. It also establishes conveyance tax rates for the sale of such properties, with rates varying based on the property's value.