HOUSE OF REPRESENTATIVES

H.B. NO.

951

THIRTY-SECOND LEGISLATURE, 2023

H.D. 1

STATE OF HAWAII

 

 

 

 

 

 

A BILL FOR AN ACT

 

 

RELATING TO HOUSING.

 

 

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

 

     SECTION 1.  There is appropriated out of the general revenues of the State of Hawaii the sum of $           or so much thereof as may be necessary for fiscal year 2023-2024 to be deposited into the rental housing revolving fund established by section 201H-202, Hawaii Revised Statutes.

     SECTION 2.  There is appropriated out of the rental housing revolving fund the sum of $           or so much thereof as may be necessary for fiscal year 2023-2024 to carry out the purposes of the rental housing revolving fund; provided that up to $           may be used for mixed-income rental projects or units in mixed-income rental projects targeted for individuals and families having incomes above sixty per cent and at or below one hundred per cent of the median family income for the State of Hawaii; provided further that any unexpended or unencumbered balance of the appropriation made by this Act as of June 30, 2024, may be used for other rental housing projects pursuant to sections 201H-202(e)(1)(A) and (B), Hawaii Revised Statutes.

     The sum appropriated shall be expended by the Hawaii housing finance and development corporation for the purposes of this Act; provided that the appropriation shall not lapse at the end of the fiscal year for which the appropriation is made; provided further that all moneys from the appropriation that are unencumbered as of June 30, 2025, shall lapse on that date.

     SECTION 3.  This Act shall take effect on June 30, 3000.

 

 

 

Report Title:

Rental Housing Revolving Fund; Appropriation

 

Description:

Deposits funds into the rental housing revolving fund to be used to provide grants or loans to mixed-income rental projects or units qualifying individuals and families.  Effective 6/30/3000.  (HD1)

 

 

 

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