HOUSE OF REPRESENTATIVES	H.B. NO.	819
THIRTIETH LEGISLATURE, 2019
STATE OF HAWAII

A BILL FOR AN ACT

 

 

RELATING TO AFFORDABLE HOUSING.

 

 

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

 

     SECTION 1.  Act 150, Session Laws of Hawaii 2018, is amended by amending sections 1 through 3 to read as follows:

     "SECTION 1.  The Hawaii housing finance and development corporation shall institute proceedings for the condemnation of the ground lease for the Front Street Apartments [affordable housing project] in Lahaina, Maui pursuant to chapter 101, Hawaii Revised Statutes.

     SECTION 2.  There is appropriated out of the general revenues of the State of Hawaii the sum of $250,000 or so much thereof as may be necessary for fiscal year 2018-2019 for an appraisal and other preparations for instituting the condemnation proceedings under section 1; provided that no funds authorized pursuant to this section shall be made available unless the county of Maui [provides] makes available dollar-for-dollar matching funds.

     The sum appropriated shall be expended by the Hawaii housing finance and development corporation for the purposes of this section.

     SECTION 3.  There is appropriated out of the rental housing revolving fund the sum of $30,000,000 or so much thereof as may be necessary for fiscal year 2018-2019 to expedite and complete the construction of the Leialii affordable housing project in Lahaina, Maui, by [2021]       ."

     SECTION 2.  There is appropriated out of the dwelling unit revolving fund the sum of $         or so much thereof as may be necessary for fiscal year 2019-2020 for the acquisition of the ground lease of the property known as Front Street Apartments in Lahaina, Maui, tax map key number (2) 4-5-003-013.

     The sum appropriated shall be expended by the Hawaii housing finance and development corporation for the purposes of this Act.

     SECTION 3.  Statutory material to be repealed is bracketed and stricken.  New statutory material is underscored.

     SECTION 4.  This Act shall take effect upon its approval; provided that section 2 shall take effect on July 1, 2019.

 

INTRODUCED BY:	_____________________________

 

 

Report Title:

Affordable Housing; Front Street Apartments; Ground Lease

 

Description:

Makes technical and housekeeping amendments to Act 150, Session Laws of Hawaii 2018 for development of affordable housing on Maui.  Authorizes expenditure of funds from the Dwelling Unit Revolving Fund to acquire the Front Street Apartments ground lease.

 

 

 

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