Bill Text: HI SB785 | 2015 | Regular Session | Amended
Bill Title: Affordable Housing Credit; Hawaiian Home Lands
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed - Dead) 2015-03-12 - Referred to HSG, OMH, FIN, referral sheet 30 [SB785 Detail]
Download: Hawaii-2015-SB785-Amended.html
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THE SENATE |
S.B. NO. |
785 |
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TWENTY-EIGHTH LEGISLATURE, 2015 |
S.D. 1 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO AFFORDABLE HOUSING ON HAWAIIAN HOME LANDS.
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. In the
event that credits are transferred by the department of Hawaiian home lands,
twenty-five per cent of the revenue from the transfer shall be used by the
department of Hawaiian home lands to develop units for rental purposes. Credits
shall be issued for each single-family residence, multi-family unit, other
residential unit, or if allowed under the county's affordable housing programs,
vacant lot, developed by the department of Hawaiian home lands. 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] 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, whether by rule, ordinance, or particular
zoning conditions of a project.
For purposes of this section, "affordable housing obligation" means the requirement imposed by a county, regardless of the date of its enactment, to develop vacant lots, single-family residences, multi-family residences, or any other type of residence for sale or rent to individuals within a specified income range."
SECTION 2. Act 141, Session Laws of Hawaii 2009, is amended by amending section 3 to read as follows:
"SECTION 3. This Act shall take effect on
July 1, 2009[; 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 the Act]."
SECTION 3. Act 98, Session Laws of Hawaii 2012, is amended by amending section 3 to read as follows:
"SECTION 3. This Act shall take effect
upon its approval[, and shall be repealed on June 30, 2015; provided that
section 46-15.1(b), Hawaii Revised Statutes, shall be reenacted pursuant to
section 3 of Act 141, Session Laws of Hawaii 2008]."
SECTION 4. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 5. This Act shall take effect on June 1, 2050.
Report Title:
Affordable Housing Credit; Hawaiian Home Lands
Description:
Makes permanent Act 141, Session Laws of Hawaii 2009, which requires the counties to issue affordable housing credits to DHHL. Makes permanent Act 98, Session Laws of Hawaii 2012, which requires the counties to issue affordable housing credits for each residential unit developed by DHHL. Requires that 25% of revenues from any transfer of credits be expended by DHHL for the development of rental units. Effective date June 1, 2050. (SD1)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
