Leasehold condo plan could work
The idea, branded as ALOHA Homes (Affordable Locally Owned Homes for All), is to build and sell the leasehold condos at no long-term cost to Hawaiʻi taxpayers.
State-backed leasehold condo pilot pending
Senate Bill 865 would establish a pilot program to develop one condo project for sale on state land under a 99-year land lease in an effort to demonstrate whether the concept is a viable solution to increase the long-term supply of affordable housing.