RELATING TO CREATING A LOCAL HOUSING MARKET.

Summary

The bill requires that any housing built with state funds or assistance be sold with deed restrictions that limit resale prices to the original area‑median‑income level. It gives a state corporation the first right to buy back the property at that capped price, ensuring the home stays affordable for Hawaii residents. The goal is to protect low‑ and moderate‑income families from rising market prices driven by non‑resident buyers.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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