Hawaii House Bill HR112

Hawaii 2024 Regular Session

• Introduced: 3/8/24
• Refer: 3/13/24
• Report Pass: 3/27/24
• Report Pass: 4/4/24
• Refer: 3/27/24
• Passed: 4/4/24

Caption

Urging The Hawaii Housing Finance And Development Corporation To Develop A Ten-year Plan To Satisfy Hawaii's Housing Demand.

Impact

The proposed ten-year plan is expected to significantly impact Hawaii's housing policies and initiatives. By formalizing a strategic approach, the HHFDC would be tasked with identifying key areas for development, potential funding sources, and collaboration with various stakeholders, including local agencies and community organizations. If successfully implemented, the plan would likely improve housing accessibility and affordability for residents, addressing some of the long-standing challenges faced by low and middle-income families in the state.

Summary

H.R. 112 is a resolution urging the Hawaii Housing Finance and Development Corporation (HHFDC) to develop a comprehensive ten-year plan to address Hawaii's acute housing shortage. The resolution emphasizes the urgent need for state-wide strategies to meet housing demand as the state grapples with high housing costs and limited availability. It calls for the HHFDC to play a proactive role in facilitating housing development and ensuring adequate funding for projects aimed at alleviating the housing crisis in Hawaii.

Contention

While the resolution is aimed at addressing a pressing issue, it may face challenges concerning implementation and funding mechanisms. Lawmakers and stakeholders may debate the practicality of the ten-year timeline, the necessity of state versus local control in housing development decisions, and the adequacy of resources available to accomplish the envisioned projects. Moreover, differing political views on housing policy and development strategies could influence discussions surrounding the plan and its prioritization within the state's legislative agenda.