Hawaii SB156 aims to preserve affordable housing by requiring notice to tenants and eligible parties before selling or transferring eligible.

Hawaii SB156 seeks to prevent the displacement of local working families by preserving subsidized affordable housing. The bill mandates that owners of eligible affordable housing properties notify tenants and eligible parties before selling or transferring the property. Eligible parties include state or county housing agencies, affordable housing nonprofits, community land trusts, or tenants of the property. Owners must provide notice at least twelve months before the property is no longer subject to low-income housing tax credit requirements.

Hawaii SB156 aims to preserve affordable housing by requiring notice to tenants and eligible parties before selling or transferring eligible.

Hawaii SB156 seeks to prevent the displacement of local working families by preserving subsidized affordable housing. The bill mandates that owners of eligible affordable housing properties notify tenants and eligible parties before selling or transferring the property. Eligible parties include state or county housing agencies, affordable housing nonprofits, community land trusts, or tenants of the property. Owners must provide notice at least twelve months before the property is no longer subject to low-income housing tax credit requirements.