Lingle-Aiona Initiatives 2008 - Increasing affordable housing opportunities (4 of 14)
Lingle-Aiona Initiatives 2008, recently published in the Honolulu Advertiser are available on-line using this link. This post relates to increasing affordable housing opportunities, one of 14 initiative areas contained in the document. Some initiatives are recycled or continued from prior years. Stay tuned to see how the bills/initiatives progress.
Increasing affordable housing opportunities - AGS-01(08)/HB3035/SB2957 allowing for state projects to begin with having the full amount of capital cost funding on hand at the beginning of the project; BED-08(08)/HB3060/SB2982 allowing the Hawaii Community Development Authority to resell fee simple interest in reserved housing units; BED-01(08)/HB3057/SB2979 permanently requiring 50
5 of the conveyance tax go to Rental Housing Trust Fund to build more affordable rental units; Extend $7.5 million annual tax credit expiring 5/31/09 to 5/31/10. Still pending - bill to authorize $100 million in additional revenue bonds for Hula Mae Multi-Family program (new and rehab affordable rentals)