Establishes the Accessory Dwelling Unit Financing and Deed Restriction Program to be administered by the Hawaii Housing Finance and Development Corporation to allocate funds to the counties for the purchase of equity for eligible homeowners or homebuyers to finance construction costs, development costs, and non-reoccurring closing costs associated with the construction of an accessory dwelling unit and purchase deed restrictions on such property. Exempts the conveyance tax for certain properties for taxable years beginning on 1/1/2026. Effective 7/1/2050. (SD1)

Statutes affected:
SB491: 46-15.2, 103D-102, 201H-191, 247-3, 525-4
SB491 SD1: 46-15.2, 103D-102, 201H-202, 247-3, 525-4
Latest: 46-15.2, 103D-102, 201H-191, 247-3, 525-4