Where Did Hawaii's Affordable Housing Go?

Where Did Hawaii's Affordable Housing Go?

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Publish Date:
May 11, 2023
Category:
Real Estate
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Standard License
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There's a lot of talk about affordable housing in Hawaii and trying to build more affordable housing for locals. However, we don't often talk about how long that affordable housing should remain affordable. It's great that there are affordable housing options for sale in Hawaii, but once those units are sold at affordable prices, they often aren't affordable after that, as the units are often sold at market rates. And so I think it's important that we ask ourselves whether these affordable housing units are meant to remain affordable or just initially affordable, knowing that if they are only meant to be affordable initially, Hawaii's affordable housing problem will probably not be solved.

Articles talking about Hawaii's affordable housing not remaining affordable - https://www.kitv.com/news/local/efforts-to-build-and-keep-affordable-housing-in-hawaii/article_10e5fb78-916a-11ed-bb4d-9b13021b3c31.html

https://www.staradvertiser.com/2023/01/09/hawaii-news/honolulus-affordable-housing-disappearing-prematurely/

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