Expands the Rental Housing Revolving Fund to include loans and grants for middle-income families.
This bill amends the Rental Housing Revolving Fund to allow it to provide loans or grants to individuals with incomes between 61% and 140% of the median family income for purchasing rental units. It also includes new construction, rehabilitation, or preservation of low-income housing units. The changes will support the Department of Hawaiian Home Lands in its mission to develop and deliver land to Native Hawaiians and assist other middle-class families in Hawaii in purchasing homes.
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