HB739

Establishes the Kamaaina Homes Program to help local working residents secure housing by purchasing deed restrictions on properties.

The bill establishes the Kamaaina Homes Program to address Hawaii's housing crisis by providing attainable housing options for local working residents. The program allows counties to purchase voluntary deed restrictions from eligible homeowners or homebuyers, ensuring the properties are occupied by qualified owner-occupants or tenants. Eligible individuals must be U.S. citizens or resident aliens, residents of Hawaii, at least 18 years old, and either working at least 30 hours per week for a qualified business, involuntarily unemployed, retired, or have a disability.