Bill > SB75

This bill establishes a working group to review and improve Hawaii's housing policies, specifically focusing on two key areas: the State's Qualified Allocation Plan (QAP) for low-income housing tax credits and the Rental Housing Revolving Fund (RHRF). The working group will include representatives from the Hawaii Housing Finance and Development Corporation, Hawaii Public Housing Authority, legislative housing committee chairs, and additional stakeholders. Their primary objectives are to enhance the allocation of federal and state low-income housing tax credits to projects that best address the state's housing needs, and to refine the prioritization and loan terms for the rental housing revolving fund to better support low-income and mixed-income rental housing projects. The group is required to submit a comprehensive report with findings and recommendations to the legislature by late 2025, including potential legislative proposals. Members will serve voluntarily but will be reimbursed for necessary expenses, and the working group will be dissolved on June 30, 2026. The bill aims to improve housing affordability and development strategies in Hawaii by bringing together key stakeholders to critically examine and recommend improvements to existing housing programs and funding mechanisms.

Budget and Finance, Housing and Urban Affairs

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=75&year=2025