Establishes the Rental Housing Revolving Fund to provide loans for rental housing projects.
The bill establishes the Rental Housing Revolving Fund to be administered by the Hawaii Housing Finance and Development Corporation. The fund can be used for loans for rental housing projects, with priority given to projects serving low-income households. The fund can also establish a mixed-income subaccount for financing mixed-income rentals. The corporation must report annually to the legislature on the use of funds and the effectiveness of the grants. The bill also appropriates $100,000,000 for fiscal year 2026-2027 to the mixed-income subaccount.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.