Bill > HB576

This bill amends Section 201H-47 of Hawaii Revised Statutes to explicitly exempt transfers of Hawaiian Home Lands from the existing transfer restrictions for real property under housing development programs of the Hawaii Housing Finance and Development Corporation (HHFDC). Currently, the law imposes various restrictions on property transfers, such as giving HHFDC the first option to repurchase property within ten years of initial purchase at a specific price, limiting refinancing, and requiring payment of appreciation shares. The new subsection (l) clarifies that these restrictions do not apply to Hawaiian Home Lands, which will instead continue to be governed by the Hawaiian Homes Commission Act, including its 99-year lease conditions. This exemption ensures that transfers of Hawaiian Home Lands, which are lands set aside for Native Hawaiians, will not be subject to the same complex transfer and resale restrictions that apply to other HHFDC housing development properties. The bill is set to take effect on July 1, 3000, with a provision ensuring the amendments are not automatically repealed when the section is reenacted in 2028.

Budget and Finance, Government Affairs, Housing and Urban Affairs, Justice

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=576&year=2025