Governor signs bill aimed at constructing 1,600 new affordable u - Hawaii News Now - KGMB and KHNL

Governor signs bill aimed at constructing 1,600 new affordable units

690 Pohukaina has 590 affordable rental units. (IMAGE: The Officer of the Govenor of Hawaii) 690 Pohukaina has 590 affordable rental units. (IMAGE: The Officer of the Govenor of Hawaii)
A rendering of Hale Kewalo Place, A 128-unit affordable rental project located near the HART Ala Moana Station. The building will be constructed with funds from a bill signed by Hawaii Gov. David Ige on Friday. (IMAGE: Office of the Governor of Hawaii) A rendering of Hale Kewalo Place, A 128-unit affordable rental project located near the HART Ala Moana Station. The building will be constructed with funds from a bill signed by Hawaii Gov. David Ige on Friday. (IMAGE: Office of the Governor of Hawaii)
Hawaii Gov. David Ige prepares to sign a bill aimed at providing more affordable housing in the state of Hawaii. Hawaii Gov. David Ige prepares to sign a bill aimed at providing more affordable housing in the state of Hawaii.
HONOLULU (HawaiiNewsNow) -

Gov. David Ige has signed a bill aimed at increasing the production of affordable rental housing in Hawaii.

Hawaii News Now takes a closer look at the high cost of living and the challenges people face living in paradise.MORE

The bill gives $210 million to the Hawaii Housing Finance and Development Corporation, as well as extends tax exemptions for certain affordable rental housing projects from June 30, 2022 to June 30, 2026.

“Housing has been a top priority for my administration from day one. We have been advocating for increased investment in the Rental Housing Revolving Fund for nearly 4 years now. I’m so glad that the Legislature is funding these very important programs that we have been advocating for,” Ige said, in a news release.

The governor's office says that the state has completed 2,000 affordable homes since 2014, and an additional 1,400 units are under construction. Another 4,000 are in the planning phase.

The bill will allow the HHFDC to build 1,600 more affordable units.

“The collaborative efforts of the community – from developers to builders, housing advocates and our legislators – is enabling the state to help our families realize their dream of having their own home," Ige said.

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