Hawaii HR79 urges Congress to propose a constitutional amendment allowing states to restrict residential property purchases to residents.

Hawaii HR79 addresses Hawaii's housing affordability crisis, attributing it to high property prices driven by out-of-state buyers. The bill urges Congress to propose an amendment to the U.S. Constitution, enabling states to restrict residential property purchases to bona fide residents. This measure aims to reserve housing for local residents, countering the effects of speculative investments and international purchases that inflate local prices.

Hawaii HR79 urges Congress to propose a constitutional amendment allowing states to restrict residential property purchases to residents.

Hawaii HR79 addresses Hawaii's housing affordability crisis, attributing it to high property prices driven by out-of-state buyers. The bill urges Congress to propose an amendment to the U.S. Constitution, enabling states to restrict residential property purchases to bona fide residents. This measure aims to reserve housing for local residents, countering the effects of speculative investments and international purchases that inflate local prices.