SB42

Hawaii SB42 repeals requirements for rental housing projects to set aside units for low-income families and modifies fund allocation criteria.

Hawaii SB42 repeals statutory language that required certain housing projects to have at least five percent of available units for persons and families with incomes at or below thirty percent of the median family income. The bill also modifies the criteria for allocating funds from the rental housing revolving fund, giving preference to projects that serve the original target group, provide the maximum number of units for persons or families with incomes at or below eighty percent of the median family income, and are committed to serving the target group over a longer period of time.