THE SENATE	S.B. NO.	2267
TWENTY-SEVENTH LEGISLATURE, 2014
STATE OF HAWAII

A BILL FOR AN ACT

Relating to housing.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

     SECTION 1.  The legislature finds that affordable housing is a serious concern for many Hawaii residents.  According to the 2011 Hawaii housing planning study, up to 50,000 new housing units will need to be built by 2016 to meet the new demand generated by changing demographics and economic conditions.  Failure to produce sufficient units for low- and moderate-income households will cause pent-up demand in these market segments.

     SECTION 2.  There is appropriated out of the general revenues of the State of Hawaii the sum of $15,800,000 or so much thereof as may be necessary for fiscal year 2014-2015 for the construction of micro apartment housing units.

     The sum appropriated shall be expended by the Hawaii housing finance and development corporation for the purposes of this Act.
     SECTION 3.  This Act shall take effect on July 1, 2014.

INTRODUCED BY:

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Report Title:

Hawaii Housing Finance and Development Corporation; Appropriation; Micro Apartment Housing Units

Description:

Making an appropriation for the construction of micro apartment housing units.

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