SB2787 expands the Rental Housing Revolving Fund to support low-income and middle-class families in Hawaii.
SB2787 amends the Rental Housing Revolving Fund to allow it to provide loans or grants to eligible individuals. This expansion aims to support the Department of Hawaiian Home Lands in developing housing for Native Hawaiians and assist middle-class families in purchasing homes. The fund can now be used for new construction, rehabilitation, preservation, leveraging moneys, pre-development activity grants or loans, and acquiring housing units for low-income preservation.
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