Supports using the Dwelling Unit Revolving Fund for interim loans to fund predevelopment costs of affordable housing projects in Hawaii.

This resolution supports the use of the Dwelling Unit Revolving Fund to finance predevelopment costs for government affordable housing projects, expediting delivery of affordable housing. The fund, managed by the Hawaii Housing Finance and Development Corporation, typically funds projects on its own land but has not historically supported other entities due to higher risks. This resolution aims to expand the fund's use to include projects owned or administered by other entities, addressing the critical need for predevelopment funding across the state.

Supports using the Dwelling Unit Revolving Fund for interim loans to fund predevelopment costs of affordable housing projects in Hawaii.

This resolution supports the use of the Dwelling Unit Revolving Fund to finance predevelopment costs for government affordable housing projects, expediting delivery of affordable housing. The fund, managed by the Hawaii Housing Finance and Development Corporation, typically funds projects on its own land but has not historically supported other entities due to higher risks. This resolution aims to expand the fund's use to include projects owned or administered by other entities, addressing the critical need for predevelopment funding across the state.