Supporting the use of the Dwelling Unit Revolving Fund to finance predevelopment costs for affordable housing projects in Hawaii.

The bill supports using the Dwelling Unit Revolving Fund to cover predevelopment costs for affordable housing projects, expediting their delivery. It acknowledges the higher risk in financing predevelopment compared to construction. The fund will be repaid by developers through the project's permanent financing source. This approach aims to address the lack of flexible funding for predevelopment costs in some counties.

Supporting the use of the Dwelling Unit Revolving Fund to finance predevelopment costs for affordable housing projects in Hawaii.

The bill supports using the Dwelling Unit Revolving Fund to cover predevelopment costs for affordable housing projects, expediting their delivery. It acknowledges the higher risk in financing predevelopment compared to construction. The fund will be repaid by developers through the project's permanent financing source. This approach aims to address the lack of flexible funding for predevelopment costs in some counties.