Bill Text: HI HB675 | 2023 | Regular Session | Amended
Bill Title: Relating To The Hawaii Housing Finance And Development Corporation.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Passed) 2023-06-21 - Act 091, 06/21/2023 (Gov. Msg. No. 1192). [HB675 Detail]
Download: Hawaii-2023-HB675-Amended.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
675 |
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THIRTY-SECOND LEGISLATURE, 2023 |
H.D. 1 |
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STATE OF HAWAII |
S.D. 2 |
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A BILL FOR AN ACT
RELATING TO THE HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Chapter 201H, Hawaii Revised Statutes, is amended by adding a new section to part III to be appropriately designated and to read as follows:
"§201H-
Applications for
financing; application periods. If sufficient funding is available, the
corporation shall open at minimum two application periods each year for the
receipt of applications for financing from parties interested in applying for
financing for the development of affordable housing in the State from the
low-income housing tax credit program, Hula Mae multi-family program, rental
housing revolving fund program, and dwelling unit revolving fund program. Applications for the four programs may be
consolidated for administrative efficiency."
SECTION 2. New statutory material is underscored.
SECTION 3. This Act shall take effect on July 1, 2050.
Report Title:
HHFDC; Applications for Financing; Application Periods; Affordable Housing
Description:
Requires, if sufficient funding is available, the Hawaii Housing Finance and Development Corporation to open at minimum 2 application periods each year for the receipt of applications for financing for the development of affordable housing in the State from the Low-Income Housing Tax Credit Program, Hula Mae Multi-Family Program, Rental Housing Revolving Fund Program, and Dwelling Unit Revolving Fund Program. Effective 7/1/2050. (SD2)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
