HAR §15-316-11. Rent-to-own program; general provisions

(a) The corporation is authorized to develop or participate in the development of housing projects in which dwelling units are offered for rent to qualified residents who may not have the financial capability to purchase a dwelling unit at the time of initial offering, but who demonstrate the ability to pay rent and the intent and potential to purchase the unit within the option period specified in section 201H-181, HRS and the program agreement. [Eff ] (Auth: HRS §§201H-4, 201H-181)(Imp: HRS §201H-181)