Establishes a teacher housing assistance program to provide housing vouchers to eligible teachers in Hawaii.
This bill establishes a teacher housing assistance program to provide housing vouchers to qualified full-time teachers in Hawaii. The vouchers can be used for rent, mortgage payments, or down payments on residential real property, with a maximum of $500 per month. Eligible teachers must be employed by the Department of Education or a charter school, teach at a hard-to-fill school, and have a household income below a certain percentage of the area median income. If more applications are received than vouchers are available, a lottery process will be used to distribute the vouchers.
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