Official record
Measure details
- Jurisdiction
- Hawaii
- Session
- 2026
- Chamber
- upper
- Classification
- bill
- Subjects
- Affordable Housing, Condominium Units, HCDA, Ninety-Nine Year Leasehold Program, Owner‑Occupied Residential Use
- Introduced / first action
- 2026-01-14 00:00:00
Source-supplied abstracts
Clarifies the Ninety-Nine Year Leasehold Program by: (1) allowing the Hawaii Community Development Authority to prohibit renting, advertising for rent, or using for any other purpose other than owner-occupied residential use a residential condominium unit, by rule, rather than statutorily; (2) exempting the design, development, and construction contracts from procurement requirements, subject to prevailing wage requirements for laborers and mechanics; (3) requiring HCDA to adopt rules to implement an initial sales period during which residential condominium units are offered only to eligible buyers for owner-occupied residential use; (4) authorizing the sale of a residential condominium unit that is not subject to an income restriction and was not sold within a certain period to be sold to other buyers, as determined by rule by HCDA, without an owner-occupancy requirement; (5) requiring HCDA to adopt rules that require at least sixty per cent of residential condominium units to be income restricted; and (6) requiring HCDA to establish rules to require buyback pricing similar to other state agencies' existing pricing formulas. (CD1)
Sponsors
- CHANG (primary), primary
- FEVELLA (primary), primary
- KIDANI (primary), primary
- Moriwaki, cosponsor
- San Buenaventura, cosponsor