Establishes a pilot program for community land trusts to provide low-cost credit for housing.

The bill authorizes the Hawaii Housing Finance and Development Corporation to create a five-year pilot program offering low-cost credit to community land trusts for housing projects. These trusts aim to provide affordable housing for low- to moderate-income households. The program includes rules for implementation and requires reports to the legislature. The bill also appropriates funds for the pilot program.

Establishes a pilot program for community land trusts to provide low-cost credit for housing.

The bill authorizes the Hawaii Housing Finance and Development Corporation to create a five-year pilot program offering low-cost credit to community land trusts for housing projects. These trusts aim to provide affordable housing for low- to moderate-income households. The program includes rules for implementation and requires reports to the legislature. The bill also appropriates funds for the pilot program.