Why Hawaiʻi YIMBY Supports This Bill:
Concerns about homes being used solely as short-term investment properties, rather than as a home to a long-term local member of the community persist. Many Hawaiʻi buyers struggle to compete financially with non-Hawaiʻi buyers, due to lack of financing options and non-dedicated housing inventory.
This bill seeks to establish a program that allows eligible homeowners and homebuyers access to grant money through a voluntary deed restriction purchased by the county. The voluntary deed restriction would help create a stock of housing broadly dedicated to those who work and live in Hawaiʻi.
Bill Description:
- Establishes the Kamaʻāina Homes Program to provide funding to the counties to purchase voluntary deed restrictions from eligible homeowners or homebuyers.
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.