Gov. Josh Green, M.D., has signed the fifth Emergency Proclamation relating to Affordable Housing. Developers must now produce 60% of their units at 140% of the area median income or less – instead of the previous 50%-plus requirement.
The organization plans to use the Stupski investment to finance construction loans for native Hawaiians to build on Department of Hawaiian Homelands. With this investment, HCL aims to house 200 beneficiary families over the next five years directly with the funds.