Supports using the Dwelling Unit Revolving Fund for interim loans to fund 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 in Hawaii. This includes funding for site analysis, technical studies, environmental assessments, and permit preparations. The Hawaii Housing Finance and Development Corporation has not historically used the fund for projects not owned by it, due to higher risks. The bill aims to expedite the delivery of affordable housing by making predevelopment funding available to all counties.

Supports using the Dwelling Unit Revolving Fund for interim loans to fund 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 in Hawaii. This includes funding for site analysis, technical studies, environmental assessments, and permit preparations. The Hawaii Housing Finance and Development Corporation has not historically used the fund for projects not owned by it, due to higher risks. The bill aims to expedite the delivery of affordable housing by making predevelopment funding available to all counties.