Establishes the Hawaii Builds Pilot Program to expedite affordable housing projects.

The bill establishes the Hawaii Builds Pilot Program within the Hawaii Housing Finance and Development Corporation to expedite the delivery of affordable housing. The program aims to address the shortage of "missing middle" housing by requiring coordination and expedited review for designated pilot projects. At least 50% of housing units must be for households with incomes between 60% and 140% of the area median income. The program allows the use of dwelling unit revolving fund moneys for predevelopment activities and construction equity.

Establishes the Hawaii Builds Pilot Program to expedite affordable housing projects.

The bill establishes the Hawaii Builds Pilot Program within the Hawaii Housing Finance and Development Corporation to expedite the delivery of affordable housing. The program aims to address the shortage of "missing middle" housing by requiring coordination and expedited review for designated pilot projects. At least 50% of housing units must be for households with incomes between 60% and 140% of the area median income. The program allows the use of dwelling unit revolving fund moneys for predevelopment activities and construction equity.