Hawaiʻi’s plan to develop leasehold homes advances
An unconventional state initiative to build more homes for Hawaii residents with moderate incomes is approaching a critical test to see whether homebuyers want high-rise condominiums with 99-year land leases.
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.
Proposal for Hawaiʻi to build and sell leasehold condos judged unfeasible
Analysis concluded that a key element in the plan—selling condos with 99-year land leases—isn’t workable despite some parts of the plan holding promise.
Pursue ALOHA housing strategy
Bold moves are needed to tackle Hawaiʻi’s entrenched affordable housing problem.
‘Bold’ plan to develop leasehold condos on state land renewed
The biggest drawback identified in the analysis is that using public land for leasehold housing is controversial.