Affordable housing bill to create a local housing market in Hawaii using community land trusts.
The bill aims to establish a local housing market in Hawaii using community land trusts to make homes affordable for residents. It addresses the issue of high housing costs driving residents to move out of state. The bill appropriates funds for a comprehensive action plan to develop land trusts, including condominium, master-planned, rent-to-own, family inheritance, agricultural, and manufactured housing land trusts. The plan will also analyze legal issues and recommend statutory amendments. The action plan is due in 2026, and the bill takes effect July 1, 2025.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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