Legislative Alert – Affordable Housing Tax Credit for DHHL Bill (SB785) Scheduled for Senate Decision Hearing: Thursday, February 26, 2015

Legislation introduced by Senator Shimabukuro has been scheduled for a decision hearing before the Senate Committee on Ways and Means.

Thursday, February 26, 2015, 1:00 p.m.
Hawaii State Capitol, Conference Room 211
415 South Beretania Street

SB785 makes permanent Act 141, Session Laws of Hawaii 2009, which requires the counties to issue affordable housing credits to DHHL. Makes permanent Act 98, Session Laws of Hawaii 2012, which requires the counties to issue affordable housing credits for each residential unit developed by DHHL. Requires that 25% of revenues from any transfer of credits be expended by DHHL for the development of rental units. Effective date June 1, 2050.

For more information on SB785, including bill text and to submit testimony, click here for bill status.

The deadline to submit testimony is Wednesday, February 25, 2015, at 1:00 p.m.

Although late testimony may be submitted on the day of the hearing, any testimony submitted less than 24 hours prior should also be printed and sent to the WAM chair as a hard copy. In-person testimony will not be accepted at the public hearing.

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