#Bill 107
Bill on residential workforce housing deed restrictions and resale surfaces for review
A bill relating to residential workforce housing deed restrictions and resale, will be reconsidered at the Maui County Council meeting on Jan. 27.
New public-private partnership on Maui provides hope for affordable homes, but raises questions of fairness
“Those are wonderful prices. Whoever wins the lottery on these 60 homes is going to truly win the lottery, so that better damn well be a fair lottery,” King said with a laugh. “I’m a little bit worried about the future asks, but I’m going to support this,” said Councilmember Kelly King.
While the price is right for homes being built at Pulelehua, questions are raised about fair practices and proper prescedent.
Op-Ed: Grassroot Institute of Hawaiʻi on Bill 107, well intended, but not the right fix
The Institute testified the new ordinance is likely to do more harm than good toward the cause of encouraging more homebuilding
Mayor Victorino signs Bill 107 to change the formula used to price affordable homes
2022 sales price guidelines estimate that a family making $60,000 annually could pay $289,100 for a 3-bedroom home. The new sales price guidelines would bring the price of a 3-bedroom home closer to $157,000 for the same family, according to the Mayor’s announcement.
