Establishes an accessory dwelling unit financing and deed restriction program in Hawaii.

The bill establishes an accessory dwelling unit financing and deed restriction program under the Hawaii Housing Finance and Development Corporation. It allows counties to allocate funds for grants to eligible homeowners or homebuyers to finance construction costs and development costs of accessory dwelling units. The program also includes purchasing deed restrictions from eligible homeowners and homebuyers. The deed restrictions require the property to be occupied by owner-occupants or tenants working in qualified businesses within the state.

Establishes an accessory dwelling unit financing and deed restriction program in Hawaii.

The bill establishes an accessory dwelling unit financing and deed restriction program under the Hawaii Housing Finance and Development Corporation. It allows counties to allocate funds for grants to eligible homeowners or homebuyers to finance construction costs and development costs of accessory dwelling units. The program also includes purchasing deed restrictions from eligible homeowners and homebuyers. The deed restrictions require the property to be occupied by owner-occupants or tenants working in qualified businesses within the state.