THE SENATE	S.B. NO.	974
TWENTY-EIGHTH LEGISLATURE, 2015		S.D. 1
STATE OF HAWAII		H.D. 1

A BILL FOR AN ACT

 

 

RELATING TO THE RENTAL HOUSING TRUST FUND.

 

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 

     SECTION 1.  Chapter 201H, Hawaii Revised Statutes, is amended by adding a new section to subpart J of part III to be appropriately designated and to read as follows:

     "§201H-    Mixed-use residential housing developments.  (a)  The fund may be used to provide, in whole or in part, loans or grants to develop spaces for public uses within mixed-use residential housing developments; provided that:

     (1)  The rental housing component is the primary use within the mixed-use residential housing development; and

     (2)  The rental housing component is an eligible project pursuant to section 201H-204 and the rules adopted by the corporation pursuant to chapter 91.

     (b)  Except as otherwise authorized by the legislature, the loans or grants for spaces for public uses in a mixed-use residential housing development may not exceed $         per project.

     (c)  In its annual report made to the legislature pursuant to section 201H-202(f), the corporation shall report on any loans or grants made for spaces for public uses in mixed-use residential housing developments.

     (d)  For the purposes of this section, "spaces for public uses" means spaces for use by the public or other uses that serve a public purpose, including but not limited to spaces for community meetings, employment training, health care, social services, education, and juvenile services centers."

     SECTION 4.  All acts passed by the legislature during the regular session of 2015, whether enacted before or after the effective date of this Act, shall be amended to conform to this Act unless such acts specifically provide that this Act is being amended.

     SECTION 5.  New statutory material is underscored.

     SECTION 6.  This Act shall take effect on July 1, 2050.

 

 

Report Title:

Rental Housing Trust Fund; Mixed-use Rental Projects

 

Description:

Authorizes the Rental Housing Trust Fund to be used for spaces for public uses within mixed-use residential developments in which the residential component is the primary use and qualifies as an eligible rental housing project.  (SB974 HD1)

 

 

 

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