THE SENATE	S.B. NO.	2870
THIRTY-SECOND LEGISLATURE, 2024
STATE OF HAWAII

A BILL FOR AN ACT

relating to the Hawaii Housing Finance and Development Corporation.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. (a) There is established within the Hawaii housing finance and development corporation for administrative purposes a working group to identify existing mixed-use developments in the county of Maui that could be acquired by the Hawaii housing finance and development corporation for use as affordable housing and commercial rental leases.

(b) The working group shall consist of the following members:

(1) A member of the board of directors of the Hawaii housing finance and development corporation, who shall serve as chairperson of the working group;

(2) The president of the Maui Realtors Association, or the president's designee, who shall be invited to participate;

(3) One resident of Maui county, who shall be invited to participate by the president of the Senate;

(4) One resident of Maui county, who shall be invited to participate by the speaker of the house of representatives;

(5) One representative from a Maui housing nonprofit organization, who shall be invited to participate by the president of the senate; and

(6) One representative from a Maui housing nonprofit organization, who shall be invited to participate by the speaker of the house of representatives.

(c) The members of the working group shall serve without compensation but shall be reimbursed for reasonable expenses necessary for the performance of their duties, including travel expenses.

(d) The working group shall submit a report of its findings and recommendations, including any proposed legislation, to the legislature no later than twenty days prior to the convening of the regular session of 2025.

(e) The working group shall be dissolved upon adjournment sine die of the regular session of 2025.

SECTION 2. This Act shall take effect upon its approval.

INTRODUCED BY:

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Report Title:

Maui County; HHFDC; Potential Acquisitions; Working Group

Description:

Establishes a working group within the Hawaii Housing Finance and Development Corporation to identify existing mixed-use developments in Maui County that could be acquired by the Hawaii Housing Finance and Development Corporation.

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.