Increases the Hula Mae multifamily revenue bond authorization to address Hawaii's affordable housing crisis.

This bill amends the Hula Mae multifamily revenue bond authorization to increase it from $3 billion to $5 billion. The Hawaii Housing Finance and Development Corporation can issue these bonds to fund housing loan programs. The bill specifies that revenue bonds treated as refunding bonds under the Internal Revenue Code will not count against the $5 billion authorization. This change aims to address Hawaii's ongoing affordable housing crisis by providing more funding for rental housing assistance.

Increases the Hula Mae multifamily revenue bond authorization to address Hawaii's affordable housing crisis.

This bill amends the Hula Mae multifamily revenue bond authorization to increase it from $3 billion to $5 billion. The Hawaii Housing Finance and Development Corporation can issue these bonds to fund housing loan programs. The bill specifies that revenue bonds treated as refunding bonds under the Internal Revenue Code will not count against the $5 billion authorization. This change aims to address Hawaii's ongoing affordable housing crisis by providing more funding for rental housing assistance.