Specifies that low-income housing tax credits may be issued both for projects creating new housing and projects renovating and preserving existing housing, nullifying a DHCR determination that projects for the renovation and preservation of existing housing do not qualify.
Declaring The Intent That Projects With Housing Units That Qualify For Housing Credits Under Act 31, Session Laws Of Hawaii 2024, Are Still Eligible To Receive Housing Credits After The Repeal Of That Act If The Housing Projects Were Approved By The Hawaii Housing Finance And Development Corporation Before July 1, 2031, And Requesting The Corporation And Each County To Include Certain Information When Approving Housing Projects For Housing Credits.
Declaring The Intent That Projects With Housing Units That Qualify For Housing Credits Under Act 31, Session Laws Of Hawaii 2024, Are Still Eligible To Receive Housing Credits After The Repeal Of Act 31 If The Housing Projects Were Approved By The Hawaii Housing Finance And Development Corporation Before July 1, 2031, And Requesting The Corporation And Each County To Include Certain Information When Approving Housing Projects For Housing Credits.
Declaring The Intent That Projects With Housing Units That Qualify For Housing Credits Under Act 31, Session Laws Of Hawaii 2024, Are Still Eligible To Receive Housing Credits After The Repeal Of Act 31 If The Housing Projects Were Approved By The Hawaii Housing Finance And Development Corporation Before July 1, 2031, And Requesting The Corporation And Each County To Include Certain Information When Approving Housing Projects For Housing Credits.
Authorizes the county of Ulster to establish an affordable housing fund to provide financial assistance to first-time homebuyers, production of affordable housing, emergency housing, or supportive housing for sale or rent, rehabilitation of existing buildings for conversion to affordable housing, emergency housing, or supportive housing, acquisition of interests in real property in existing housing units, and the provision of housing counseling services.