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 resolution urges the Hawaii Housing Finance and Development Corporation to use its revolving fund to provide short‑term loans that cover pre‑development costs for any government‑led affordable‑housing project. By supporting this financing, the House hopes to speed up the start of housing projects that serve low‑income residents. It does not create a new program, but signals legislative support for the practice.

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