The public interest, nonprofit law firm, Hawaiʻi Appleseed Center for Law & Economic Justice says Hawaiʻi lawmakers have an opportunity to tailor the sales tax on real property so that it reinvests nonresident wealth into island communities through affordable housing development.
American Savings Bank’s “This is HOME” program provides affordable financing solutions for first-time home buyers, assisting hardworking kamaʻāina in buying a home in Hawaiʻi.
American Savings Bankʻs “This is HOME” program offers affordable financing solutions for first time home buyers and is designed to help hardworking kamaʻāina buy a home in Hawaiʻi.
Hawaii affordable housing guidelines could include $1 million homes
Tyler Lastovich
and last updated 2021-02-23 12:49:45-05
HONOLULU (AP) Affordable housing guidelines set by a Hawaii state agency could rate two-bedroom homes costing $1 million as affordable for some households eligible for government-subsidized housing.
The Honolulu Star-Advertiser reports that the guidelines established by the Hawaii Housing Finance and Development Corp. were aimed at helping developers produce affordable housing.
There is little likelihood developers could produce and sell $1 million homes to satisfy an affordable-housing condition under state and county requirements.
Household income, family size and interest rates are primarily used to compile annual housing affordability tables.