SUPPORTING THE USE OF THE DWELLING UNIT REVOLVING FUND TO FUND PREDEVELOPMENT COSTS FOR ANY GOVERNMENT AFFORDABLE HOUSING DEVELOPMENT PROJECT THROUGH INTERIM LOANS TO EXPEDITE THE DELIVERY OF AFFORDABLE HOUSING TO HAWAII'S RESIDENTS.

Summary

The House passed a concurrent resolution supporting the use of the Hawaii Housing Finance and Development Corporation’s Dwelling Unit Revolving Fund to provide interim loans that cover pre‑development costs for any government affordable‑housing project. The loans would be repaid through the project’s permanent financing, helping developers move projects forward faster and expanding affordable housing for Hawaii residents. The resolution has been adopted by the House and sent to the agency for consideration.

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