Requesting A Feasibility Study On Redeveloping Lands Situated At Tmk (1) 2-8-015:001 Into Workforce Housing And Other Affiliated Uses.
Impact
By directing the Hawaii Housing Finance and Development Corporation, or another suitable state agency, to conduct this feasibility study, SR192 aims to address the critical housing shortage. The study is expected to include a conceptual development plan and a market study, which will assess how the specific parcel can be utilized for developing affordable housing. This initiative signifies a proactive approach by state agencies to alleviate housing challenges through effective land management and housing strategy planning.
Summary
Senate Resolution 192 (SR192) requests a feasibility study to redevelop lands located at TMK (1) 2-8-015:001 into workforce housing and other affiliated uses. The resolution responds to the pressing housing crisis in Hawaii, where the Department of Business, Economic Development, and Tourism estimates a need for approximately 26,000 to 47,000 new housing units by 2030 to keep up with demand. As the shortage of workforce housing persists, the state risks losing residents who cannot find affordable accommodations within the islands.
Contention
While the intent behind SR192 is broadly supportive in addressing the housing crisis, there may be contention around the specific approaches to redevelopment and land use. Stakeholders may have differing views regarding the types of housing that should be prioritized and the potential implications of state-led development on local communities and existing land users. Furthermore, achieving the cooperation of various state agencies involved in the study could raise discussions about the effectiveness and efficiency of the proposed redevelopment plans.