Hawaii HB1492 aims to create a local housing market through a comprehensive action plan for affordable housing.
Hawaii HB1492 seeks to establish a local housing market by directing the Department of Business, Economic Development, and Tourism to create a comprehensive action plan. This plan will include developing various types of land trusts, offering incentives for their growth, and amending inheritance laws to support family land trusts. The goal is to provide affordable housing options for Hawaii residents, addressing the high cost of living and housing that drives many to leave the state.
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