Prohibits the use of algorithms to set rental prices in Hawaii, aiming to prevent artificially inflated rents.
The bill addresses Hawaii's affordable housing crisis by prohibiting the use of algorithms to set rental prices. It defines "coordinator" as any person who collects rental prices and lease information, uses algorithms to set prices, or facilitates agreements among rental property owners to manipulate pricing. The bill makes it unlawful for rental property owners to use such services and for coordinators to engage in these activities.
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