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Joint committees pass SB 1235 to create government employee housing revolving fund, add $450,000 for staffing
Summary
The Senate committees on Housing and Labor and Technology voted Feb. 6 to pass Senate Bill 1235, a measure directing the Hawaii Housing Finance and Development Corporation to establish a government employee housing revolving fund and a 99‑year leasehold rent‑to‑own program.
The Senate committees on Housing and Labor and Technology voted Feb. 6 to pass Senate Bill 1235, a measure directing the Hawaii Housing Finance and Development Corporation (HHFDC) to establish a government employee housing revolving fund and a 99‑year leasehold rent‑to‑own program.
The bill, as amended in decision making, includes a $450,000 appropriation from the revolving fund to pay for two full‑time HHFDC positions to administer the program and removes an income eligibility restriction. The committees also amended the bill to state explicitly that “for‑sale day‑one projects,” including leasehold units, are eligible and to make the program available to members of the…
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