Hawaii HB762 amends eligibility criteria for housing funds to include certain organizations and government agencies.

Hawaii HB762 modifies the eligibility criteria for applicants seeking funds for housing development. Eligible applicants now include nonprofit and for-profit organizations, limited liability companies, partnerships, and government agencies. These entities must either use all financial surplus to develop additional housing in the state or be qualified government agencies. The bill repeals existing statutory material and adopts new rules for eligibility.

Hawaii HB762 amends eligibility criteria for housing funds to include certain organizations and government agencies.

Hawaii HB762 modifies the eligibility criteria for applicants seeking funds for housing development. Eligible applicants now include nonprofit and for-profit organizations, limited liability companies, partnerships, and government agencies. These entities must either use all financial surplus to develop additional housing in the state or be qualified government agencies. The bill repeals existing statutory material and adopts new rules for eligibility.