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.