SUPPORTING THE USE OF THE DWELLING UNIT REVOLVING FUND TO FUND PREDEVELOPMENT COSTS FOR ANY GOVERNMENT AFFORDABLE HOUSING DEVELOPMENT PROJECT THROUGH INTERIM LOANS TO EXPEDITE THE DELIVERY OF AFFORDABLE HOUSING TO HAWAII'S RESIDENTS.

This Senate Resolution supports using the Dwelling Unit Revolving Fund to provide interim loans for predevelopment costs on government affordable housing projects in Hawaii. The measure aims to help cover expenses like site analysis, design work, environmental assessments, and permit preparation before construction begins. These loans would be repaid by developers through the project's permanent financing once construction is underway. The resolution directs copies to the Hawaii Housing Finance and Development Corporation and its Board of Directors for their consideration.