Bill > HR86

This 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 several key issues, including Hawaii's low housing production rate of only 2,902 units per year between 2010 and 2018, which is significantly below the national average. It points out that the HHFDC has been primarily focusing on rental units for low-income households earning 50-60% of the area median income, while market data suggests a greater demand for housing units for households earning 120% or more of the area median income. The resolution emphasizes that the lack of affordable housing is causing workforce challenges, with 24% of residents reporting intentions to move out of state due to high costs and limited housing availability. Consequently, the HHFDC is requested to develop a plan to produce sufficient housing to meet the state's demand and submit this plan to the Legislature at least 20 days before the 2026 Regular Session. The resolution aims to encourage a more proactive and innovative approach to housing development that addresses the needs of a broader range of income segments and helps retain Hawaii's residents.

Housing and Urban Affairs

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HR&billnumber=86&year=2025