HOUSE OF REPRESENTATIVES
H.B. NO.
762
THIRTY-THIRD LEGISLATURE, 2025
STATE OF HAWAII
A BILL FOR AN ACT
relating to housing.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 201H-203, Hawaii Revised Statutes, is amended to read as follows:
"[[Struck through: []]§201H-203[[Struck through: ]]] Eligible applicants for funds. [[Struck through: Eligible applicants]] [Underlined: To be eligible] for funds[Underlined: , applicants] shall [[Struck through: include nonprofit and for-profit] [Struck through: organizations, limited liability companies, partnerships, and government]] [Underlined: be:]
[Underlined: (1)] [Underlined: Organizations that are required to use all financial surplus to develop additional housing in the State; or]
[Underlined: (2)] [Underlined: Government] agencies[[Struck through: , who are]][Underlined: .]
[Underlined: Eligible applicants shall also be] qualified in accordance with rules adopted by the corporation pursuant to chapter 91."[Underlined: ]
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect upon its approval.
INTRODUCED BY:
_____________________________
Report Title:
RHRF; Eligible Applicants; Organizations; Profits; Government Agencies
Description:
Requires eligible applicants of the Rental Housing Revolving Fund to be either governmental agencies or organizations that are required to use all financial surplus to develop additional housing in the State.
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