Hawaii HB1740 modifies housing project requirements by the Hawaii Housing Finance and Development Corporation.

Hawaii HB1740 amends the criteria for housing projects approved by the Hawaii Housing Finance and Development Corporation. It removes certain financial screening and ownership qualifications for purchasers of units in corporation-approved housing projects. It also requires perpetual deed restrictions on the sale of certain units within the housing project. The bill defines "qualified resident" as a person who is a citizen of the United States or a resident alien, is at least eighteen years of age, is domiciled in the State, and physically resides in the dwelling unit purchased.

Hawaii HB1740 modifies housing project requirements by the Hawaii Housing Finance and Development Corporation.

Hawaii HB1740 amends the criteria for housing projects approved by the Hawaii Housing Finance and Development Corporation. It removes certain financial screening and ownership qualifications for purchasers of units in corporation-approved housing projects. It also requires perpetual deed restrictions on the sale of certain units within the housing project. The bill defines "qualified resident" as a person who is a citizen of the United States or a resident alien, is at least eighteen years of age, is domiciled in the State, and physically resides in the dwelling unit purchased.