HAR §15-309-1
HAR §15-309-1. Purpose
Cite as Haw. Code R. § 15-309-1
The purpose of this chapter is
to implement [Act 92, Session Laws of Hawaii 2023, which
authorizes the corporation to establish]the dwelling unit
revolving fund equity pilot program, which shall be funded
by the dwelling unit revolving fund, to address the high,
unmet demand [of] for for-sale units by Hawaii residents.
[Under the program until June 30, 2028,] T[t]he corporation
may purchase equity in for-sale housing development
projects, subject to the conditions set forth in [Act 92,
Session Laws of Hawaii 2023,]this chapter. [Eff 1/15/24; am
and comp ] (Auth: SLH 2023, Act 92, §2)(Imp:
SLH 2023, Act 92, §2)