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HB1679
HD1
(HSCR735-20)
Status and Testimony
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RELATING TO HOUSING.
Authorizes the Hawaii Public Housing Authority to give preference to persons
residing in the zip code in which a low-income or elder housing project is
constructed for the housing project's initial tenants or residents. Takes
effect on 7/1/2025. (HD1)
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HOU, WAM
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HB2687
HD1
(HSCR746-20)
Status and Testimony
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RELATING TO THE DOWNPAYMENT LOAN LOSS RESERVE PROGRAM.
Establishes a downpayment loan loss reserve program to address downpayment
loan defaults under the Hawaii Housing Finance and Development Corporation's
downpayment loan assistance program. Establishes one downpayment loan loss
reserve administrator position. Appropriates funds for the program and administrator
position. Takes effect 7/1/2025. (HD1)
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HOU, WAM
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HB2547
HD1
(HSCR745-20)
Status and Testimony
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RELATING TO HOUSING.
Consolidates the administration of low- and moderate-income housing into a
single program by authorizing the Hawaii Housing Finance and Development
Corporation to administer new reserved housing and workforce housing units in
community development districts. Provides that the Hawaii Housing Finance
and Development Corporation may adopt rules to allow owners to obtain home
equity lines of credit, refinance their units, or pay their shared equity.
Effective 7/1/2025. (HD1)
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HOU, WAM
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HB2527
HD1
(HSCR744-20)
Status and Testimony
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RELATING TO THE LOW-INCOME HOUSING TAX CREDIT.
Specifies that certain provisions of the Internal Revenue Code related to
at-risk rules and deductions and passive activity loss do not apply to the
state low-income housing tax credit allocations after 12/31/2020. Extends
the time period in which to claim the low-income housing tax credit. Enables
state partnerships to claim the tax credit even if the partnerships are not
considered partners for federal tax purposes. Takes effect 7/1/2025. (HD1)
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HOU, WAM
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HB2470
HD1
(HSCR743-20)
Status and Testimony
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RELATING TO HOUSING.
Directs the HHFDC to take title to a specified 15.418-acre parcel in Honokaa,
Hawaii county, if HHFDC finds, after its due diligence, that the parcel is
suitable for residential development. Requires HHFDC to document any change
in title. Requires HHFDC to conduct a feasibility study to determine whether
the parcel is suitable for residential development. Appropriates funds for
the feasibility study. Takes effect on 7/1/2025. (HD1)
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HOU, WAM
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HB2449
HD1
(HSCR742-20)
Status and Testimony
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RELATING TO AFFORDABLE HOUSING.
Authorizes cash payments made by developers in lieu of providing the required
reserved housing units in the development of residential projects for the
Hawaii community development authority to be deposited into the rental
housing revolving fund. Effective 7/1/2025. (HD1)
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HOU, WAM
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HB2448
HD1
(HSCR741-20)
Status and Testimony
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RELATING TO AFFORDABLE HOUSING.
Provides that an exemption from the general excise tax established by section
201H-36, Hawaii Revised Statutes, that has been approved by the Hawaii
housing finance and development corporation shall be provided once the
qualified person or firm has filed or recorded the regulatory agreement in
land court or the bureau of conveyances, whichever is appropriate. Effective
7/1/2025. (HD1)
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HOU, WAM
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