HRS §201H-58
Leasing land for self-help housing projects
The corporation can lease land for affordable housing at a very low rent for a long time to groups that build homes through self-help. It can change the lease terms or length. The land can be passed on or sublet with approval.
developers
The statute, as written — ‑58] Leases; self-help housing
(a) The [corporation] may lease parcels that it deems suitable for affordable housing at $1 per year for up to fifty years to organizations or community trusts to develop the parcel with ownership units through self-help development. (b) The [corporation] may extend or modify the fixed rental period of the lease or extend the term of the lease. (c) Parcels leased under this section may be transferred or assigned by devise, bequest, or intestate succession, and may be sublet with the approval of the [corporation].
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