Authorizes the Hawaii Housing Finance and Development Corporation to designate certain for-sale housing units as permanently affordable. Requires the HHFDC to adopt rules to implement the Permanently Affordable For-Sale Housing Program. Repeals certain requirements defining a qualified resident. Removes certain restrictions applicable to the transfer of real property developed and sold under chapter 201H, HRS. Effective 7/1/2050.

Statutes affected:
SB2070: 201H-32, 201H-47