Bill > SB379

This bill addresses Hawaii's affordable housing crisis by introducing two key provisions for housing development projects managed by the Hawaii Housing Finance and Development Corporation (HHFDC). First, the bill requires that all affordable housing projects include a permanent restrictive covenant ensuring that units designated as affordable housing in the original project application will remain affordable in perpetuity, preventing future conversion to market-rate housing. Second, the bill prohibits the development of affordable housing projects within special flood hazard areas as identified by the Federal Emergency Management Agency (FEMA) flood insurance rate maps, aiming to protect residents from potential environmental risks and long-term climate change impacts. The legislation modifies existing statutes to incorporate these requirements, streamlining housing development approvals while safeguarding the long-term affordability and safety of housing projects. By implementing these measures, the bill seeks to address the state's severe housing shortage, protect low- and moderate-income residents, and create sustainable housing solutions that remain accessible to future generations.

Budget and Finance, Housing and Urban Affairs

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=379&year=2026