Hawaii House Bill HCR12

Hawaii 2023 Regular Session

• Introduced: 2/1/23
• Refer: 2/16/23
• Report Pass: 3/29/23
• Engrossed: 3/29/23
• Refer: 3/30/23

Caption

Requesting The Hawaii Housing Finance And Development Corporation To Study The Viability Of Increasing The Minimum Percentage Of Affordable Housing Units In A Project Required To Be Set Aside To Qualify For An Exemption Under Chapter 201, Hawaii Revised Statutes.

Impact

The bill could significantly alter the landscape of affordable housing in Hawaii by enabling more low- and moderate-income individuals to access housing solutions. Current requirements stipulate that at least 51% of units in larger projects must be designated as affordable, targeting specific income brackets. If the HCR12 study results in legislation to increase these requirements, it could lead to a higher percentage of affordable units being constructed and made available in the respective projects, directly impacting state housing policies and community planning.

Summary

HCR12 requests the Hawaii Housing Finance and Development Corporation to study the viability of increasing the minimum percentage of affordable housing units that must be set aside in a development project to qualify for exemptions under specific state laws. This resolution aims to address the significant demand for affordable housing in Hawaii, especially in urban areas like Honolulu, where the cost of living continues to rise. By potentially altering the exemption requirements, the bill seeks to ensure that more units are accessible to low- and moderate-income families, promoting greater affordability in the housing market.

Sentiment

The sentiment surrounding HCR12 appears to be largely positive, as it aligns with the urgent public demand for more affordable housing options. Legislators and community advocates generally view the aim of increasing affordable units favorably. Nonetheless, some concerns may arise regarding the balance between developing more housing and maintaining neighborhood integrity, as existing residents may fear increased congestion and alterations to the character of their communities.

Contention

Noteworthy points of contention may emerge regarding the specifics of the minimum percentage increase and how it would be implemented. Discussions may focus on the potential pushback from developers concerned about financial viability and the impact on new project approvals. Additionally, local government entities will need to articulate their support or concerns about the broader implications for zoning and community development, ensuring that any new requirements do not stifle necessary housing projects.