SB 534: RELATING TO THE HAWAII COMMUNITY DEVELOPMENT AUTHORITY.

Allows the Hawaii Community Development Authority to approve residential development on certain parcels of land in the Kakaako Makai area.  Raises the building height limit on certain parcels in the area.  Requires a certain percentage of the residential units developed on certain parcels to be allocated to households at or below a certain income level, with priority given to certain essential workforce in the area.  Limits the sale of residential units developed in certain residential developments to prospective owner-occupants.  Requires the Hawaii Community Development Authority to determine a Kakaako Makai Association Fee to be collected from all residential developments on certain parcels to be deposited into a special account in the Hawaii Community Development Revolving Fund to fund various services and projects in the Kakaako Makai area.