Requesting The Counties To Temporarily Issue Affordable Housing Credits For Affordable Housing Units That Are Constructed Pursuant To Chapter 201h, Hawaii Revised Statutes.
Impact
By issuing affordable housing credits, the resolution aims to encourage the construction of new affordable housing units. This initiative could potentially lower housing costs and alleviate some of the pressure on Hawaii's housing market. It also enables developers to receive credits for different types of housing, including single-family residences and multi-family units, making it a versatile tool for addressing various housing needs across counties.
Summary
House Resolution 96 requests Hawaiian counties to temporarily issue affordable housing credits to developers for units constructed according to chapter 201H of the Hawaii Revised Statutes. The resolution recognizes the severe affordable housing crisis in Hawaii, citing rising property values and low housing inventory as primary factors contributing to the situation. A 2019 study indicated that the state will require over 50,000 additional homes by 2025 to meet demand, highlighting the urgent need for effective housing policies.
Contention
Some contention may arise regarding the resolution's requirement that affordable housing credits not be issued if low-income housing tax credits are utilized. Additionally, concerns could be raised about how these credits interact with existing county regulations and affordable housing obligations imposed on developments. As the counties navigate the complexities of applying these credits, they will need to balance local housing demand with administrative capabilities and compliance with state laws.
Same As
Requesting The Counties To Temporarily Issue Affordable Housing Credits For Affordable Housing Units That Are Constructed Pursuant To Chapter 201h, Hawaii Revised Statutes.
Requesting The Hawaii Housing Finance And Development Corporation To Adopt Administrative Rules That Preempt The Counties From Imposing Residential Income Requirements On Housing Projects Subject To Section 201h-38, Hawaii Revised Statutes, That Are Lower Than Those Adopted Or Established By The State.
Requesting The Hawaii Housing Finance And Development Corporation To Adopt Administrative Rules That Preempt The Counties From Imposing Residential Income Requirements On Housing Projects Subject To Section 201h-38, Hawaii Revised Statutes, That Are Lower Than Those Adopted Or Established By The State.
Urging The Hawaii Housing Finance And Development Corporation To Adopt Administrative Rules To Create A Process Under Section 201h-38, Hawaii Revised Statutes, For Housing Projects Exclusively For Sale Or Rent To Qualified Residents As Defined In Section 201h-32, Hawaii Revised Statutes, Who Are Deemed To Be Moderate-income Households.
Urging The Hawaii Housing Finance And Development Corporation To Adopt Administrative Rules To Create A Process Under Section 201h-38, Hawaii Revised Statutes, For Housing Projects Exclusively For Sale Or Rent To Qualified Residents As Defined In Section 201h-32, Hawaii Revised Statutes, Who Are Deemed To Be Moderate-income Households.
Urging The Counties To Amend Or Adopt Ordinances To Be Consistent With The Hawaii Housing Finance And Development Corporation's Rules Regarding Residential Income Requirements And Affordability Terms On Housing Projects Or Subsidize Any Resulting Revenue Shortfall To The Housing Project.