SB163

Hawaii SB163 amends the Rental Housing Revolving Fund to prioritize low-income housing projects.

Hawaii SB163 amends the Rental Housing Revolving Fund to prioritize low-income housing projects. The bill establishes an application process for fund allocation that gives preference to projects serving the original target group, providing at least five percent of units for persons and families with incomes at or below thirty percent of the median family income, and maximizing units for persons or families with incomes at or below eighty percent of the median family income. The corporation may establish rules to ensure full occupancy of fund projects.