Establishes a dwelling unit revolving fund equity program to address high demand for for-sale housing units in Hawaii.

The bill establishes a dwelling unit revolving fund equity program, funded by the revolving fund and administered by the Hawaii Housing Finance and Development Corporation. This program aims to address the high, unmet demand for for-sale housing units by state residents. The corporation can purchase equity in for-sale housing development projects, with the equity amount reducing the price paid by eligible buyers. If a buyer sells the unit within thirty years of purchase, they must repay the corporation's equity value.

Establishes a dwelling unit revolving fund equity program to address high demand for for-sale housing units in Hawaii.

The bill establishes a dwelling unit revolving fund equity program, funded by the revolving fund and administered by the Hawaii Housing Finance and Development Corporation. This program aims to address the high, unmet demand for for-sale housing units by state residents. The corporation can purchase equity in for-sale housing development projects, with the equity amount reducing the price paid by eligible buyers. If a buyer sells the unit within thirty years of purchase, they must repay the corporation's equity value.