Hawaii HB576 amends restrictions on the transfer of real property under Chapter 201h, Hawaii Revised Statutes.

Hawaii HB576 modifies the restrictions on the transfer of real property developed and sold under Chapter 201h, Hawaii Revised Statutes. It outlines conditions under which the Hawaiian Housing Corporation can repurchase real property, including when the property is sold or transferred. The bill also specifies the conditions under which the corporation can waive these restrictions, such as when the sale is to a family member or when it would jeopardize federal mortgage subsidies.

Hawaii HB576 amends restrictions on the transfer of real property under Chapter 201h, Hawaii Revised Statutes.

Hawaii HB576 modifies the restrictions on the transfer of real property developed and sold under Chapter 201h, Hawaii Revised Statutes. It outlines conditions under which the Hawaiian Housing Corporation can repurchase real property, including when the property is sold or transferred. The bill also specifies the conditions under which the corporation can waive these restrictions, such as when the sale is to a family member or when it would jeopardize federal mortgage subsidies.