Supports using the Dwelling Unit Revolving Fund for interim loans to cover predevelopment costs for affordable housing projects in Hawaii.

The bill supports the use of the Dwelling Unit Revolving Fund to provide interim loans for predevelopment costs of affordable housing projects, aiming to expedite the delivery of affordable housing. It acknowledges the higher risk of financing predevelopment phases compared to construction. The fund, managed by the Hawaii Housing Finance and Development Corporation, will be used for projects on land it owns or administers. The resolution also supports repayment of these interim loans through the project's permanent financing source.

Supports using the Dwelling Unit Revolving Fund for interim loans to cover predevelopment costs for affordable housing projects in Hawaii.

The bill supports the use of the Dwelling Unit Revolving Fund to provide interim loans for predevelopment costs of affordable housing projects, aiming to expedite the delivery of affordable housing. It acknowledges the higher risk of financing predevelopment phases compared to construction. The fund, managed by the Hawaii Housing Finance and Development Corporation, will be used for projects on land it owns or administers. The resolution also supports repayment of these interim loans through the project's permanent financing source.