Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committees pass HB 1715 with amendments clarifying resale restrictions and foreclosure exception
Summary
Senate committees passed HB 1715 HD1 to authorize HHFDC to designate certain for-sale units as permanently affordable, clarify resale and occupancy restrictions, and add language that permanently affordable-unit restrictions extinguish and will not attach to title after foreclosure or conveyance in lieu of foreclosure.
Senate joint committees voted on March 19 to pass HB 1715 HD1 with amendments intended to clarify buyer-eligibility, buyback restrictions and what happens to permanently affordable restrictions after foreclosure.
The committees took several changes suggested by the Hawaii Housing Finance and Development Corporation (HHFDC) and the attorney general. Amendments include allowing ownership of other real…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
