What does the Hawaii Housing Finance and Development Corporation (HHFDC) focus on?

What does the Hawaii Housing Finance and Development Corporation (HHFDC) focus on?

• A. Collecting taxes from housing
• B. Developing and financing low and moderate income housing projects
• C. Enforcing building codes
• D. Managing public housing waiting lists

Answer: (B)

The Hawaii Housing Finance and Development Corporation (HHFDC) is dedicated to the development and financing of low and moderate-income housing projects. This agency plays a crucial role in addressing the housing needs of residents who may not afford market-rate housing. Through various programs, HHFDC facilitates the creation of affordable housing options, ensuring that more individuals and families have access to safe and secure living environments. The focus on financing and development allows the organization to stimulate housing growth, provide necessary financial resources, and support partnerships with private developers to enhance housing availability in Hawaii. Other functions like collecting taxes, enforcing building codes, or managing public housing waiting lists are outside the primary mission of HHFDC, which is specifically aimed at increasing the supply of affordable housing through financial and development initiatives.

The Hawaii Housing Finance and Development Corporation (HHFDC) is dedicated to the development and financing of low and moderate-income housing projects. This agency plays a crucial role in addressing the housing needs of residents who may not afford market-rate housing. Through various programs, HHFDC facilitates the creation of affordable housing options, ensuring that more individuals and families have access to safe and secure living environments. The focus on financing and development allows the organization to stimulate housing growth, provide necessary financial resources, and support partnerships with private developers to enhance housing availability in Hawaii.

Other functions like collecting taxes, enforcing building codes, or managing public housing waiting lists are outside the primary mission of HHFDC, which is specifically aimed at increasing the supply of affordable housing through financial and development initiatives.