Bill > SR60

This resolution addresses the uncertainty surrounding housing credits under Act 31 in Hawaii by declaring legislative intent to ensure that housing projects approved by the Hawaii Housing Finance and Development Corporation (HHFDC) before July 1, 2031, will remain eligible to receive housing credits even after the repeal of Act 31. The resolution provides context about Hawaii's severe housing crisis, noting a 2019 study that identified a need for 50,156 additional homes across counties, with housing affordability further challenged by rising mortgage and financing costs. To provide clarity, the resolution requests that both the HHFDC and each county include specific information when approving housing projects under section 201H-38 of the Hawaii Revised Statutes, such as a statement of developers' rights to receive housing credits, the number of housing units qualifying for credits, and the total number of credits available. The resolution also directs that copies be transmitted to key government officials, including the HHFDC Executive Director and mayors and council chairs of Hawaii, Maui, Kauai, and Honolulu counties, to ensure widespread communication of this legislative intent.

Housing and Urban Affairs

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SR&billnumber=60&year=2025