URGING THE HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION TO ADOPT ADMINISTRATIVE RULES TO CREATE A PROCESS UNDER SECTION 201H-38, HAWAII REVISED STATUTES, FOR HOUSING PROJECTS EXCLUSIVELY FOR SALE OR RENT TO QUALIFIED RESIDENTS AS DEFINED IN SECTION 201H-32, HAWAII REVISED STATUTES, WHO ARE DEEMED TO BE MODERATE-INCOME HOUSEHOLDS.

This Senate resolution urges the Hawaii Housing Finance and Development Corporation to create a new administrative process for housing projects exclusively reserved for moderate-income households. The bill seeks to utilize existing state laws that currently allow certain housing developments to receive exemptions from standard zoning and construction rules. It specifically requests that this new pathway be established alongside, rather than replacing, the current requirement that half of a project's units be available to buyers earning up to 140% of the area median income.