Hawaii HB2385 addresses the housing crisis by authorizing tax exemptions for low-income housing projects.

Hawaii HB2385 aims to tackle the state's housing shortage by authorizing the Hawaii Housing Finance and Development Corporation to approve and certify general excise tax exemptions for certain housing development projects. These projects must be developed under county housing incentive programs and target households with incomes at or below 140% of the area median family income. The bill also allows counties to exercise powers similar to those of the corporation for developing low- and moderate-income housing projects.

Hawaii HB2385 addresses the housing crisis by authorizing tax exemptions for low-income housing projects.

Hawaii HB2385 aims to tackle the state's housing shortage by authorizing the Hawaii Housing Finance and Development Corporation to approve and certify general excise tax exemptions for certain housing development projects. These projects must be developed under county housing incentive programs and target households with incomes at or below 140% of the area median family income. The bill also allows counties to exercise powers similar to those of the corporation for developing low- and moderate-income housing projects.