Will new legislation increase affordable housing khon2.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from khon2.com Daily Mail and Mail on Sunday newspapers.
On Tuesday night, State legislators approved a final version of the State’s Supplemental Budget. This measure includes operating, capital improvement projects (CIP), and grants-in-aid monies for fiscal year 2024-2025 (FY25).
The supplemental spending plan for fiscal year 2024-25 incudes an operating budget of $10,395,945,997 in general funds and $19,209,528,184 through all funding methods.
The public interest, nonprofit law firm, Hawaiʻi Appleseed Center for Law & Economic Justice says Hawaiʻi lawmakers have an opportunity to tailor the sales tax on real property so that it reinvests nonresident wealth into island communities through affordable housing development.
Catholic Charities Hawaii expects to complete construction of a 178-unit affordable housing project in Kahului by the end of 2026 that would help address the imperative need of residents who suffered serious loss in the August wildfires.