Allows owners of large agricultural lands to construct elderly housing, assisted living homes, or low-density apartments on up to fifteen acres.

The bill aims to address the shortage of affordable senior housing in Hawaii by allowing owners of large agricultural lands to reclassify up to fifteen acres for elderly housing, assisted living homes, or low-density apartments. The petition for exemption must include a financial plan ensuring that units are priced to allow for cross-subsidization and that occupied units are for individuals aged fifty-five or older. The land use commission must approve the petition based on specific criteria, including reasonableness and consistency with established policies.

Allows owners of large agricultural lands to construct elderly housing, assisted living homes, or low-density apartments on up to fifteen acres.

The bill aims to address the shortage of affordable senior housing in Hawaii by allowing owners of large agricultural lands to reclassify up to fifteen acres for elderly housing, assisted living homes, or low-density apartments. The petition for exemption must include a financial plan ensuring that units are priced to allow for cross-subsidization and that occupied units are for individuals aged fifty-five or older. The land use commission must approve the petition based on specific criteria, including reasonableness and consistency with established policies.