THE SENATE

S.B. NO.

3025

TWENTY-SIXTH LEGISLATURE, 2012

 

STATE OF HAWAII

 

 

 

 

 

 

A BILL FOR AN ACT

 

 

relating to affordable housing credits.

 

 

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

 


     SECTION 1.  Section 46-15.1, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:

     "(b)  Each county shall issue affordable housing credits to the department of Hawaiian home lands with respect to existing and future Hawaiian home lands projects upon a request for such credits by the department of Hawaiian home lands.  The credits shall be transferable and shall be issued on a one-unit for one-unit basis.  The credits may be applied county-wide within the same county in which the credits were earned to satisfy affordable housing obligations imposed by the county on market priced residential and non-residential developments.  County-wide or project-specific requirements for the location of affordable housing units; housing class, use, or type; construction time; or other county requirements for affordable housing units shall not impair, restrict, or condition the county's obligation to apply the credits in full satisfaction of all county requirements."

SECTION 2.  New statutory material is underscored.

     SECTION 3.  This Act shall take effect upon its approval; provided that on June 30, 2015, this Act shall be repealed and section 46-15.1, Hawaii Revised Statutes, shall be reenacted in the form in which it read on the day before the approval of Act 141, Session Laws of Hawaii 2009.

 

INTRODUCED BY:

_____________________________

 

 


 


 

Report Title:

Affordable Housing Credits; Department of Hawaiian Home Lands; Counties

 

Description:

Amends section 46-15.1(b), HRS, to clarify that certain county affordable housing requirements shall not impair, restrict, or condition a county's obligation to issue affordable housing credits to the department of Hawaiian home lands or apply credits in satisfaction of all county requirements.

 

 

 

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.