Bill > HCR90

This concurrent resolution urges the Hawaii Housing Finance and Development Corporation (HHFDC) to develop a comprehensive plan to address the state's severe housing shortage. The resolution highlights that Hawaii is experiencing significant housing challenges, including low housing production (averaging only 2,902 units per year between 2010-2018), a high vacancy rate of 11.2 percent, and a mismatch between housing supply and market demand. Specifically, the HHFDC is currently overbuilding rental units for lower-income households (50-60% of area median income) while underserving mid to higher-income brackets, which have a greater demand for both rental and ownership units. The resolution notes that the housing shortage is a critical issue affecting workforce retention, with 24% of residents considering leaving the state due to high costs and limited housing availability. The HHFDC is requested to submit a detailed housing production plan to the Legislature at least 20 days before the 2026 Regular Session, with the goal of developing more efficient and targeted housing solutions that can meet the diverse needs of Hawaii's residents across different income levels.

Housing and Urban Affairs

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HCR&billnumber=90&year=2025