Declaring that affordable housing credits in Hawaii are perpetual and urging counties to recognize these credits without expiration dates.
This resolution emphasizes that affordable housing credits in Hawaii, once earned and issued, should remain valid indefinitely until redeemed. It urges counties to align their administrative practices with this intent, ensuring that these credits are not subject to expiration dates or other restrictions not specified in state law. The resolution aims to address the state's critical housing shortage by encouraging continued participation from developers in affordable housing programs.
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