Received notice of passage on Final Reading in House (Hse. Com. No. 888).
Summary
The bill lets the Hawaii Housing Finance and Development Corporation, instead of the counties, approve and certify general excise tax exemptions for housing projects that are part of county incentive programs. It applies to low‑ and moderate‑income rental or mixed‑use developments that meet specific income and unit‑share thresholds. The change is intended to strengthen financing tools for the state’s affordable‑housing shortage.
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