SB2063 amends Hawaii's Rental Housing Revolving Fund to establish a mixed-income subaccount for financing mixed-income rentals or for-sale projects.
SB2063 amends Hawaii's Rental Housing Revolving Fund to create a mixed-income subaccount within the fund. This subaccount will be used for financing mixed-income rentals or for-sale projects, including loans, equity investments, credit enhancement, and collateral. The bill specifies that the fund will prioritize projects with diverse affordability, located on state or county land, and requiring minimal state funding.
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