Increases the required percentage of affordable units in rental housing projects in Hawaii.
Hawaii SB749 aims to address the state's housing crisis by increasing the required percentage of affordable units in rental housing projects from twenty to fifty percent. This change ensures long-term affordability and aligns Hawaii with other states that have successfully implemented similar measures. The bill amends the definition of "eligible project" to include rental housing projects that maintain at least fifty percent of their units for eligible tenants.
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