Bill Text: HI HB1764 | 2024 | Regular Session | Introduced
Bill Title: Relating To Housing.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2024-01-24 - Referred to HSG, FIN, referral sheet 1 [HB1764 Detail]
Download: Hawaii-2024-HB1764-Introduced.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
1764 |
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THIRTY-SECOND LEGISLATURE, 2024 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to housing.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 201H-202, Hawaii Revised Statutes, is amended by amending subsection (e) to read as follows:
"(e) Moneys available in the fund shall be used for the purpose of providing, in whole or in part, loans or grants for rental housing projects in the following order of priority:
(1) Projects
that are owned by the State, any county, or any organization obliged to use all
financial surplus generated by the project to construct more housing or
rehabilitate or manage housing;
[(1)] (2) Projects or units in projects that are
allocated low-income housing credits pursuant to the state housing credit
ceiling under section 42(h) of the Internal Revenue Code of 1986, as amended,
or projects or units in projects that are funded by programs of the United
States Department of Housing and Urban Development and United States Department
of Agriculture Rural Development wherein:
(A) At least fifty per cent of the available units are for persons and families with incomes at or below eighty per cent of the median family income of which at least five per cent of the available units are for persons and families with incomes at or below thirty per cent of the median family income; and
(B) The remaining units are for persons and families with incomes at or below one hundred per cent of the median family income;
provided that the corporation may establish rules to ensure full occupancy of fund projects; and
[(2)] (3) Mixed-income rental projects or units in a
mixed-income rental project wherein all of the available units are for persons
and families with incomes at or below one hundred forty per cent of the median
family income."
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect upon its approval.
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INTRODUCED BY: |
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Report Title:
Hawaii Housing Finance and Development Corporation; Housing; RHRF; Government-Owned Housing; Limited Profit Housing Associations; Supportive Housing
Description:
Amends the priority for which moneys in the Rental Housing Revolving Fund are to be used.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
