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

The bill requests 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 backed by project cash flows, could help developers by requiring less equity and offering flexible repayment terms. The study aims to determine if this financing method can address Hawaii's severe housing shortage and high costs, potentially increasing housing units and accelerating the recycling of revolving funds.

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

The bill requests 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 backed by project cash flows, could help developers by requiring less equity and offering flexible repayment terms. The study aims to determine if this financing method can address Hawaii's severe housing shortage and high costs, potentially increasing housing units and accelerating the recycling of revolving funds.