Bill > SCR3

This concurrent resolution requests the Department of Business, Economic Development, and Tourism (DBEDT) to study the practicality of using mezzanine loans to speed up housing construction in Hawaii, a state facing a severe housing shortage and high costs. Mezzanine loans are a type of financing that combines debt and equity, secured by a project's value and cash flow, offering more flexible repayment terms and potentially reducing the amount of upfront equity developers need to secure construction funding. The resolution aims to explore how this financing method could help address Hawaii's housing crisis more efficiently than current state programs and asks DBEDT to report its findings and any legislative proposals to the Legislature by early 2027.

Business and Industry

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SCR&billnumber=3&year=2026