The empty homes tax: A promising step on affordable housing—if we get it right
The Honolulu City Council is considering legislation with the potential to bring much-needed assistance to a market out of reach for many.
Honolulu empty homes tax proposal advances
At 3 percent, annual revenue could be about $180 million, according to a recent estimate from Hawaiʻi Appleseed.
Report backs empty-homes tax to address housing crisis on Oʻahu
To address investment-driven purchases and support affordable housing for working families, Appleseed recommended a 3–5 percent tax, which could generate annual revenue ranging from $183 million to $305 million.