Why Hawaiʻi YIMBY Support This Bill:
A reality of increasing our supply of homes is that we will need to build more dense home types. This would involve a combined approach of building 'up' and building 'in', especially in areas that are rich in transit and are more walkable communities. Counties have already identified many of these Transit-Oriented Development (TOD) districts, and will continue to improve these areas as they evolve. Rightfully so, counties should be incentivized and rewarded with funding when they make changes that allow for more homes near transit.
This bill seeks to incentivize counties to allowing transit supportive densities, meaning allowing an amount of homes that would be equal the transit capacity for that area. This will target more dense housing types into our TOD districts, where much of our needed housing can and should go.
In this bill, counties that allow transit supportive densities in their TOD districts, will unlock a dedicated percentage of the Rental Housing Revolving Fund (RHRF).
Bill Description:
- Establishes what constitutes transit-oriented development and incentivizes development in county-designated transit-oriented development areas or zones.
- Prioritizes the allocation of a minimum percentage of the Rental Housing Revolving Fund for certain mixed-income rental housing projects or units.
This page will be updated periodically throughout the legislative session. For the most up-to-date status, please visit the bill's page on the Hawai'i State Legislature's website.