Bill > HB2333

This bill establishes the Accessory Dwelling Unit (ADU) Housing Development Program within the Hawaii Community Development Authority (HCDA). The program will provide matching funds to homeowners who construct ADUs, up to a maximum of $ per unit. Additionally, the bill exempts rental income from ADUs funded through the program from the general excise tax for the first three years. The bill appropriates funds from the state's general revenues to be deposited into the ADU Housing Development Special Fund and used to provide the matching funds. This bill aims to incentivize the construction of low-cost ADUs as an affordable housing solution to address Hawaii's housing crisis, which has been further exacerbated by recent wildfires.