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HI SB3305

HI SB3305
Authorizing The Issuance Of General Obligation Bonds For Affordable Housing.


summary

Introduced
01/26/2022
In Committee
01/28/2022
Crossed Over
Passed
Dead
05/05/2022

Introduced Session

2022 Regular Session

Bill Summary

Authorizes the issuance of general obligation bonds to be appropriated into and out of the rental housing revolving fund for redevelopment of the department of Hawaiian home lands property located at 820 Isenberg street, Honolulu, Hawaii, for rental housing for native Hawaiian beneficiaries.

AI Summary

This bill authorizes the issuance of $41.5 million in general obligation bonds to be deposited into the Rental Housing Revolving Fund and appropriated for the redevelopment of a 1.9-acre Department of Hawaiian Home Lands property located at 820 Isenberg Street in Honolulu. The purpose is to provide rental housing for native Hawaiian beneficiaries, addressing the dire need for affordable housing, especially among native Hawaiians waiting for residential leases on Hawaiian home lands. The funds will support a partnership development project that is expected to increase the construction of affordable housing units in Honolulu's urban core.

Committee Categories

Housing and Urban Affairs

Sponsors (1)

Last Action

Referred to HOU/HWN, WAM. (on 01/28/2022)

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