Establishes a program to redevelop vacant and blighted residential properties into affordable rental housing in Hawaii.
The bill establishes the vacant and blighted residential property redevelopment program within the Hawaii Housing Finance and Development Corporation. The program aims to identify, acquire, and redevelop vacant and blighted residential properties to increase the supply of affordable rental housing, stabilize neighborhoods, and eliminate conditions of blight. The program will provide development grants to eligible developers, establish statewide development standards, and exempt projects from certain fees and regulations.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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