Bill > HB739

This bill establishes the Kamaaina Homes Program to address Hawaii's housing crisis by providing a mechanism for counties to purchase voluntary deed restrictions from eligible homeowners or homebuyers. The program aims to create a dedicated housing supply specifically for local workers by allowing counties to buy deed restrictions that require properties to be occupied by workers who are employed at least 30 hours per week at local businesses. Eligible homeowners must be Hawaii residents, at least 18 years old, and willing to place a perpetual deed restriction on their property. The program is modeled after Vail, Colorado's successful housing initiative and seeks to help local families stay in Hawaii by making housing more attainable. Counties can receive funding from the state's dwelling unit revolving fund to purchase these deed restrictions, with restrictions that prioritize occupancy by local workers or retirees who previously worked locally. The bill provides detailed guidelines for implementing the program, including definitions of eligible homeowners and businesses, requirements for deed restrictions, compliance monitoring, and potential remedies for violations. Additionally, the bill includes several amendments to existing laws to support the program, such as exempting these deed-restricted properties from certain taxes and legal restrictions, with the ultimate goal of preserving Hawaii's local workforce and cultural heritage by preventing outmigration due to housing unaffordability.

Budget and Finance, Housing and Urban Affairs, Justice

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=739&year=2026