Requesting a study on using mezzanine loans to boost housing production in Hawaii.

The bill asks the Department of Business, Economic Development, and Tourism to study the feasibility of using mezzanine loans to increase housing production in Hawaii. Mezzanine loans, which are debt-equity instruments, could help developers finance projects with less equity and more flexible repayment terms. The study aims to inform decisions on utilizing this financing mechanism to address Hawaii's housing shortage and high costs. The department must submit a report with findings and recommendations to the Legislature before the 2027 session.

Requesting a study on using mezzanine loans to boost housing production in Hawaii.

The bill asks the Department of Business, Economic Development, and Tourism to study the feasibility of using mezzanine loans to increase housing production in Hawaii. Mezzanine loans, which are debt-equity instruments, could help developers finance projects with less equity and more flexible repayment terms. The study aims to inform decisions on utilizing this financing mechanism to address Hawaii's housing shortage and high costs. The department must submit a report with findings and recommendations to the Legislature before the 2027 session.