Hawaii HB1492 appropriates funds to develop a comprehensive action plan for establishing a local housing market in Hawaii.

Hawaii HB1492 aims to address the housing affordability crisis by appropriating funds to the Department of Business, Economic Development, and Tourism. The bill requires the department to develop a comprehensive action plan to establish a local housing market in Hawaii. This plan includes developing condominium land trusts, promoting family inheritance land trusts, and creating incentives for land trusts. The bill also addresses inheritance statutes to support family land trusts and recommends statutory amendments to facilitate the development of affordable housing.

Hawaii HB1492 appropriates funds to develop a comprehensive action plan for establishing a local housing market in Hawaii.

Hawaii HB1492 aims to address the housing affordability crisis by appropriating funds to the Department of Business, Economic Development, and Tourism. The bill requires the department to develop a comprehensive action plan to establish a local housing market in Hawaii. This plan includes developing condominium land trusts, promoting family inheritance land trusts, and creating incentives for land trusts. The bill also addresses inheritance statutes to support family land trusts and recommends statutory amendments to facilitate the development of affordable housing.