Allows residential development on certain parcels in Kakaako to increase revenue for the Office of Hawaiian Affairs.

This bill amends the Hawaii Revised Statutes to allow the Hawaii Community Development Authority to approve residential development on certain parcels in Kakaako. It raises the building height limit and requires at least 50% of the residential units to be allocated to households with income at or below 140% of the area median income, prioritizing essential workers. The bill also establishes a Kakaako Makai Special Account to fund services and projects in the area. The authority must hold public hearings and consider all submissions before approving any residential development plans.

Allows residential development on certain parcels in Kakaako to increase revenue for the Office of Hawaiian Affairs.

This bill amends the Hawaii Revised Statutes to allow the Hawaii Community Development Authority to approve residential development on certain parcels in Kakaako. It raises the building height limit and requires at least 50% of the residential units to be allocated to households with income at or below 140% of the area median income, prioritizing essential workers. The bill also establishes a Kakaako Makai Special Account to fund services and projects in the area. The authority must hold public hearings and consider all submissions before approving any residential development plans.