Ninety-Nine Year Leasehold Program Administrative Rules
Posted on Dec 18, 2024 in MainNinety-Nine Year Leasehold Program Administrative Rules
February 5, 2025 (Presentation Hearing) at 9:00 a.m.
March 5, 2025 (Decision-Making Hearing) at 9:00 a.m.
Public Hearings will be convened remotely via Zoom and in person. See Hearing Notice for details.
Background
The Hawaiʻi State Legislature, through Act 97 (Session Laws of 2023), established the Ninety-Nine Year Leasehold Program. The purpose of this program is determining the feasibility of developing low-cost leasehold residential condominium units on non-ceded state-owned land located near public transit stations for Hawaii residents.
The proposed administrative rules contain: (i) a description of the Ninety-nine Year Leasehold Program, (ii) eligibility to purchase requirements, (iii) the process of marketing and selling of leasehold condominium units, (iv) the requirements for the resale or transfer of leasehold condominium units, (iv) enforcement and penalties, and (vi) provisions upon the foreclosure of a leasehold condominium unit.
If you would like to submit comments or testimony, please use the link at the bottom of the page, or email [email protected] with “99-Year Leasehold Rules” in the subject line.
Learn more about the Ninety-Nine Year Leasehold Program
Ninety-Nine Year Leasehold Program HRS §206E-281