Establishes affordable housing programs for government employees on state lands in Hawaii.
The bill establishes two housing programs within the Hawaii Housing Finance and Development Corporation: an affordable rental housing program and an affordable ninety-nine year leasehold rent-to-own program. These programs aim to create low-cost rental and leasehold residential condominium units for government employees on state-owned land. The programs target individuals and families with incomes at or below 140% of the median family income.
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