THE SENATE

S.B. NO.

2293

TWENTY-NINTH LEGISLATURE, 2018

S.D. 2

STATE OF HAWAII

H.D. 3

 

C.D. 1

 

 

 

A BILL FOR AN ACT

 

 

RELATING TO AFFORDABLE HOUSING.

 

 

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

 

     SECTION 1.  The Hawaii housing finance and development corporation shall institute proceedings for the condemnation of the ground lease for the Front Street Apartments affordable housing project pursuant to chapter 101, Hawaii Revised Statutes.

     SECTION 2.  There is appropriated out of the general revenues of the State of Hawaii the sum of $250,000 or so much thereof as may be necessary for fiscal year 2018-2019 for an appraisal and other preparations for instituting the condemnation proceedings under section 1; provided that no funds authorized pursuant to this section shall be made available unless the county of Maui provides dollar-for-dollar matching funds.

     The sum appropriated shall be expended by the Hawaii housing finance and development corporation for the purposes of this section.

     SECTION 3.  There is appropriated out of the rental housing revolving fund the sum of $30,000,000 or so much thereof as may be necessary for fiscal year 2018-2019 to expedite and complete the construction of the Leialii affordable housing project in Lahaina, Maui, by 2021.

     The sum appropriated shall be expended by the Hawaii housing finance and development corporation for the purposes of this section.

     SECTION 4.  This Act shall take effect on July 1, 2018.

 

 

Report Title:

HHFDC; Affordable Housing; Maui; Front Street Apartments; Condemnation; Leialii Affordable Housing Project; Appropriation

 

Description:

Requires the Hawaii Housing Finance and Development Corporation to institute proceedings to condemn the ground lease for the Front Street Apartments affordable housing project.  Appropriates general funds for the appraisal and other preparations for the condemnation; provided that the County of Maui provides matching funds.  Appropriates rental housing revolving funds to the Hawaii Housing Finance and Development Corporation for the expedited construction of the Leialii affordable housing project.  (CD1)

 

 

 

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