Housing: Lawmakers fund more housing, not special treatment for locals
Housing advocates unsuccessfully pushed for bills that would have given cash incentives for deed restrictions that require a property owner to be a resident working in the state.
Hawaiʻi wants to purchase voluntary deed restrictions to preserve more homes for locals
This new approach would help buffer Hawaiʻi homes from speculation and encourage more locals to actively contribute to addressing the Islands’ housing challenges.
House committee recommends passage of Kamaʻaina Homes Program
Modeled after the Vail InDEED program in tourist-Mecca Vail, Colo., the program would provide funding to the counties to purchase voluntary deed restrictions from eligible homeowners or homebuyers.