Relating To Managed Retreat.
This legislation is intended to directly affect residents living in areas severely impacted by climate change, particularly in coastal regions facing erosion and urban sprawl. By allowing the state to purchase properties at fair market value, eligible homeowners—those earning at or below 100% of the area median income and who have lived in their homes for more than five years—can receive compensation while also aiding the state’s objectives in advancing its climate resilience strategies. Properties purchased will be converted into affordable rental units, with generated revenues reinvested into the buyback program.
House Bill 2636 proposes the establishment of the Hawaii Coastal Commission and the implementation of a Shoreline Buyback Program aimed at addressing the urgent issues related to coastal erosion and the impacts of climate change in Hawaii. The bill outlines that the commission will facilitate the acquisition of residential properties deemed vulnerable to erosion, with a goal of relocating residents safely while also promoting sustainable long-term housing solutions. The commission will be composed of thirteen members representing various stakeholders including government officials and public members, ensuring inclusive decision-making.
While supporters of HB 2636 argue for its necessity in combating the adverse effects of climate change, critics may raise concerns about the practicalities of the buyback program and its implications for local governance. Opponents might argue that this bill shifts decision-making power to the state level, potentially undermining the authority of local jurisdictions to manage their land and resources. Additionally, budgetary implications regarding the purchase of properties and the associated costs may spark debate, as the bill proposes to exceed the general fund expenditure ceiling for fiscal year 2024-2025.