HB 740: HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION; RENTAL HOUSING REVOLVING FUND; COUNTIES; ACCESSORY DWELLING UNITS; PURCHASE OF EQUITY; VOLUNTARY DEED RESTRICTIONS; APPROPRIATION

Establishes the Accessory Dwelling Unit Financing and Deed Restriction Program to allocate funds to the counties for the purchase of equity in an accessory dwelling unit by the State.  Specifies eligible homeowners or homebuyers for the Program 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 the property.  Appropriates moneys for infrastructure projects.  Sunsets 1/1/2031.  Takes effect 7/1/2050.  (SD2)