Establishes rules for residential condominium units in urban redevelopment sites in Hawaii.

Hawaii HB1722 amends the definition of "owner-occupied residential use" to exclude renting or subleasing. It mandates that all residential condominium units in urban redevelopment sites be initially offered for owner-occupied residential use. If unsold after sixty days, up to forty percent may be sold to qualified residents. The bill also requires that all laborers and mechanics on construction sites be paid the prevailing wage. It mandates that at least sixty percent of units remain for owner-occupied residential use for ten years post-purchase.

Establishes rules for residential condominium units in urban redevelopment sites in Hawaii.

Hawaii HB1722 amends the definition of "owner-occupied residential use" to exclude renting or subleasing. It mandates that all residential condominium units in urban redevelopment sites be initially offered for owner-occupied residential use. If unsold after sixty days, up to forty percent may be sold to qualified residents. The bill also requires that all laborers and mechanics on construction sites be paid the prevailing wage. It mandates that at least sixty percent of units remain for owner-occupied residential use for ten years post-purchase.