Amends the definition of "qualified nonprofit housing trust" in Hawaii law to include specific criteria.

Hawaii SB2234 amends the definition of "qualified nonprofit housing trust" in Hawaii Revised Statutes. The bill specifies that such organizations must be registered and in good standing with the state, and recognized by the Internal Revenue Service as a charitable or tax-exempt organization under section 501(c)(3) of the Internal Revenue Code of 1986. The bill also includes provisions for capacity, resources, and mission alignment with housing purposes, and exclusive service to qualified residents.

Amends the definition of "qualified nonprofit housing trust" in Hawaii law to include specific criteria.

Hawaii SB2234 amends the definition of "qualified nonprofit housing trust" in Hawaii Revised Statutes. The bill specifies that such organizations must be registered and in good standing with the state, and recognized by the Internal Revenue Service as a charitable or tax-exempt organization under section 501(c)(3) of the Internal Revenue Code of 1986. The bill also includes provisions for capacity, resources, and mission alignment with housing purposes, and exclusive service to qualified residents.