Bill Text: HI SB442 | 2010 | Regular Session | Introduced
Bill Title: County Infrastructure Development Revolving Loan Fund
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed - Dead) 2009-05-11 - Carried over to 2010 Regular Session. [SB442 Detail]
Download: Hawaii-2010-SB442-Introduced.html
Report Title:
Affordable Housing; Transit Oriented Development; Third-Party Review; Appropriation
Description:
Authorizes the Hawaii housing finance and development corporation to grant funds to affordable housing developers to contract for third-party review and certification to expedite the process and issuance of building permits for an affordable housing project that is part of a transit oriented development; appropriates moneys for the grants.
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THE SENATE |
S.B. NO. |
442 |
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TWENTY-FIFTH LEGISLATURE, 2009 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to transit oriented development.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The legislature finds that rapid transit systems can be a major influence in regional and neighborhood economic development, strongly influencing where development, redevelopment, and revitalization occur. In addition, transit systems can promote affordable housing. Development around transit stations is often more intensive, mixed-use development, which may help reduce the cost of constructing affordable housing, and require fewer parking options. With daily goods and services located within walking distance, developing households near transit stations can reduce transportation costs considerably.
The legislature further finds, however, that if incentives are not provided for the development of affordable housing, "gentrification" of the neighborhood – meaning significantly more expensive market housing that replaces existing affordable housing – may occur. Therefore, it is important that transit oriented development be encouraged to provide new affordable housing and retain existing affordable housing.
The purpose of this Act is to encourage the delivery of affordable housing as part of transit oriented development by offering faster permit processing through funding the use of third-party review programs.
SECTION 2. (a) Notwithstanding any provisions of chapter 201H, Hawaii Revised Statutes, the Hawaii housing finance and development corporation may grant funds to affordable housing developers for the purpose of contracting for third-party review and certification, as offered by the respective county, to expedite the processing and issuance of building permits for an affordable housing project that is part of a transit oriented development; provided that no more than $10,000 may be expended for third-party review for each affordable housing project.
Affordable housing projects shall include a minimum of thirty units, of which at least half shall be affordable units for rent or for sale.
Third-party review and certification may apply to inspections and other ministerial permits as allowed by the respective county.
The counties shall certify that the project is in a transit oriented zone in order for this subsection to apply.
(b) In processing requests for third-party review and certification, the Hawaii housing finance and development corporation shall give priority:
(1) First, to projects that reserve at least fifty per cent of the total number of units for households with incomes at or below eighty per cent of the median family income; and
(2) Second, to projects that offer affordable housing units to qualifying households dislocated as a result of redevelopment.
(c) For the purposes of this section, "affordable housing" means housing units for households with incomes at or below one hundred forty per cent of the median family income, as determined by the United States Department of Housing and Urban Development.
SECTION 3. There is appropriated out of the general revenues of the State of Hawaii the sum of $500,000 or so much thereof as may be necessary for fiscal year 2009-2010 and the same sum or so much thereof as may be necessary for fiscal year 2010-2011 for grants to affordable housing developers for the purpose of contracting for third-party review and certification.
The sums appropriated shall be expended by the Hawaii housing finance and development corporation for the purposes of this Act.
SECTION 4. This Act shall take effect on July 1, 2009.
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INTRODUCED BY: |
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