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Council postpones measure to expand long‑term rental dedication incentives and raise income eligibility
Summary
Bill 63, which would raise the maximum income threshold for properties dedicated to affordable long‑term rental use from 80% AMI to 100% AMI and remove a purchase‑price threshold, was amended to a hand‑carried CD1 and then postponed for further stakeholder consultation.
The Budget Committee on Oct. 14 received an explanation of Bill 63 (and a hand‑carried CD1) from sponsor Councilmember Kiaʻāina and then voted to postpone action to allow additional stakeholder consultation and department review.
Bill 63 would change the current dedicated affordable rental program in two principal ways: increase the income threshold for maximum…
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