HAR §15-164-1
HAR §15-164-1.
Cite as Haw. Code R. § 15-164-1
Historical note:
Chapter 164 of Title 15, Hawaii
Administrative Rules, is based substantially upon
Chapter 314, of Title 6, Hawaii Administrative Rules.
[Eff 5/24/93; R OCT 251999 ]
SUBCHAPTER 1
GENERAL PROVISIONS
SlS-164-1
Purpose.
This rule is adopted under
chapter 91, HRS, and implements subpart III.C. of
chapter 201G, HRS.
The purpose of this program is to
increase the number of safe and sanitary rental housing
accommodations available at affordable rents in the
State by:
(1)
Assisting owners of rental housing
accommodations in maintaining the rentals at
levels affordable by families and individuals
of low and moderate income through the
provision of rental assistance payments
which, with rentals received from tenants of
low and moderate income, will provide the
owners with limited but acceptable rates of
return on their investment in rental housing
accommodations; and
(2)
Providing a funding source for low-interest
interim construction financing for the
development of affordable rental housing by
nonprofit and for-profiOAJ}.tAtJ.~g,11s well as
the corporation.
[Eff
l,I l~ t~ ~ J (Auth:
HRS §201G-225) (Imp:
HRS §§201G-222, 201G
223, 201G-224, 201G-225)