HB2598

HOUSE OF REPRESENTATIVES	H.B. NO.	2598
TWENTY-FOURTH LEGISLATURE, 2008
STATE OF HAWAII

A BILL FOR AN ACT

SECTION 1. The legislature finds that providing adequate affordable housing remains a priority for the State and that developing affordable housing in urban cores is key to reducing urban sprawl, reducing vehicular traffic, and lowering infrastructure costs.

The purpose of this Act is to require the Hawaii housing and development corporation to focus on developing affordable housing in urban cores.

SECTION 2. Section 201H-33, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:

"(a) The corporation may develop fee simple or leasehold property, construct dwelling units thereon, including condominiums, planned units, and cluster developments, and sell, lease, or rent or cause to be leased or rented, at the lowest possible price to qualified residents, nonprofit organizations, or government agencies, with an eligible developer or in its own behalf:

(1) Fully completed dwelling units with the appropriate interest in the land on which the dwelling unit is located;

(2) Dwelling units that are substantially complete and habitable with the appropriate interest in the land on which the dwelling unit is located; or

(3) The land with site improvements (other than the dwelling unit) either partially or fully developed[.];

provided that the corporation shall focus on developing land in the Oahu urban core that is under the jurisdiction of the Hawaii community development authority and land in the urban core in other counties, based upon each county's general plan; provided further that the corporation shall use its resources and funds to assist development of these areas, including addressing infrastructure and other planning needs."

SECTION 3. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.

SECTION 4. This Act shall take effect upon its approval.

INTRODUCED BY:	_____________________________