WeVote
Log In

Bill

Bill

HB 373

Insurance; annual prostate cancer screenings for certain men; require major medical coverage

2025-2026 Regular Session Introduced by Sharon Cooper and 5 co-sponsors

HB 373 boosts affordable housing in Honolulu by using bond proceeds for mixed-use developments, empowering local authorities and benefiting residents and developers.

Senate Read and Referred
0
WeVote Research Nonpartisan
Bill Summary · HB 373

Summary of HB 373 - Relating to Housing

Overview

House Bill 373 (HB 373) is a legislative measure introduced on January 16, 2025, aimed at addressing housing issues within the City and County of Honolulu. The bill is part of the Mayor's Package and focuses on the utilization of bond proceeds to facilitate mixed-use development projects.

Purpose and Intent

The primary intent of HB 373 is to enhance housing availability and affordability in Honolulu through strategic development initiatives. By leveraging bond proceeds, the bill seeks to empower local authorities, specifically the Hawaii Housing Finance and Development Corporation (HHFDC), to undertake mixed-use developments that integrate residential, commercial, and community spaces.

Key Provisions

  • Bond Proceeds Utilization: The bill allows for the issuance and use of bonds to fund housing projects, thereby providing financial resources for development.
  • Mixed-Use Development: It encourages the construction of mixed-use properties, which combine residential units with commercial spaces, promoting a more integrated community structure.
  • County Powers: The bill grants additional powers to the City and County of Honolulu to facilitate the planning and execution of these housing projects.

Affected Parties

  • Residents of Honolulu: The bill aims to benefit residents by increasing the availability of affordable housing options.
  • Local Government: The City and County of Honolulu will gain enhanced authority to implement housing initiatives.
  • Developers: Real estate developers may find new opportunities for projects under the provisions of this bill.

Legislative Timeline

  • January 16, 2025: Bill introduced and passed First Reading.
  • February 4, 2025: Referred to the House committees on Housing (HSG) and Finance (FIN).
  • February 7, 2025: HSG committee recommended the bill be passed with amendments.
  • February 12, 2025: Passed Second Reading as amended and referred to FIN.
  • February 24, 2025: FIN committee recommended the bill be passed unamended.
  • March 4, 2025: Passed Third Reading in the House and transmitted to the Senate.
  • March 6, 2025: Received from the House and referred to the Senate committees on Housing/Economic Development (HOU/EIG) and Ways and Means (WAM).

Related Legislation

HB 373 has a companion bill, Senate Bill 288 (SB 288), which addresses similar housing issues and may provide additional context or support for the initiatives proposed in HB 373.

Conclusion

HB 373 represents a significant step towards improving housing conditions in Honolulu by promoting mixed-use developments through the strategic use of bond proceeds. The bill's progress through the legislative process indicates a strong commitment to addressing the housing crisis in the region.

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.