Informing the Legislature that on May 28, 2024, the Governor signed the following bill into law: SB2133 HD1 CD1 (ACT 034).

This legislative message informs the Hawaii Legislature that Governor Josh Green signed SB2133 into law on May 28, 2024. The bill amends state housing statutes to expand the financial tools available to the state's housing corporation. Specifically, it allows the corporation to issue bonds secured by a wider variety of income sources, including revenues from housing projects, federal grants, loans to mortgage lenders, and general corporate earnings. Additionally, the law clarifies that housing projects funded under this chapter count as official undertakings for state purposes. These changes aim to provide more flexibility in financing housing initiatives without altering the core mission of the agency.