SB3335 aims to create a local housing market in Hawaii by ensuring affordable housing remains accessible to local wage earners.

SB3335 seeks to address Hawaii's housing affordability crisis by implementing measures to keep housing affordable for local residents. The bill introduces deed restrictions on government-funded or assisted housing to maintain pricing within the initial median income range. This aims to create a sustainable inventory of affordable housing for local wage earners. The bill amends existing statutes to enforce these restrictions, ensuring that housing remains affordable for the intended income levels.

SB3335 aims to create a local housing market in Hawaii by ensuring affordable housing remains accessible to local wage earners.

SB3335 seeks to address Hawaii's housing affordability crisis by implementing measures to keep housing affordable for local residents. The bill introduces deed restrictions on government-funded or assisted housing to maintain pricing within the initial median income range. This aims to create a sustainable inventory of affordable housing for local wage earners. The bill amends existing statutes to enforce these restrictions, ensuring that housing remains affordable for the intended income levels.