Hawaii SB165 amends the definition of "qualified nonprofit housing trust" to include specific criteria for eligibility.

Hawaii SB165 modifies the definition of a "qualified nonprofit housing trust" in the Hawaii Revised Statutes. The bill specifies that such trusts must be registered and in good standing with the state, recognized by the Internal Revenue Service as a charitable or tax-exempt organization, and have the capacity to serve qualified residents. The changes aim to clarify the eligibility criteria for organizations involved in housing initiatives.

Hawaii SB165 amends the definition of "qualified nonprofit housing trust" to include specific criteria for eligibility.

Hawaii SB165 modifies the definition of a "qualified nonprofit housing trust" in the Hawaii Revised Statutes. The bill specifies that such trusts must be registered and in good standing with the state, recognized by the Internal Revenue Service as a charitable or tax-exempt organization, and have the capacity to serve qualified residents. The changes aim to clarify the eligibility criteria for organizations involved in housing initiatives.