Bill > SCR156

This joint resolution requests the University of Hawaii Economic Research Organization (UHERO) to conduct a comprehensive study on how taxation and eminent domain might impact housing prices and availability in Hawaii. The study stems from Hawaii's current housing crisis, characterized by high prices, low supply, and significant property ownership by out-of-state buyers and institutional investors. Specifically, the resolution asks UHERO to examine the potential effects of imposing taxes on vacant homes, properties owned by non-residents, and institutional investor-owned properties, as well as exploring the use of eminent domain to acquire and repurpose surplus housing. The study should analyze how such policies might influence housing sale prices, rental prices, housing supply, and the broader state economy. UHERO is requested to submit a detailed report with findings and recommendations, including potential legislative proposals, at least 40 days before the 2026 legislative session. The resolution highlights that these proposed measures would apply equally to residents and non-residents but would likely impact those who do not significantly contribute to the state's economic and community ecosystem. The ultimate goal is to address Hawaii's housing shortage, reduce out-migration, prevent families from being priced out of the local market, and mitigate homelessness.

Education

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SCR&billnumber=156&year=2025