SB1134

Hawaii SB1134 aims to preserve affordable housing by allowing tenants and others to match offers to buy the property.

Hawaii SB1134 seeks to preserve affordable housing by requiring landlords to notify tenants of their right to purchase the property. If a landlord receives a bona fide offer from a non-eligible party, they must notify eligible parties, including tenants, local governments, and nonprofits, within 45 days. Eligible parties then have 60 days to match the offer. The owner must accept the matched agreement or negotiate in good faith. The bill aims to prevent displacement of local working families by ensuring affordable housing remains accessible.