THE SENATE |
S.R. NO. |
3 |
THIRTY-FIRST LEGISLATURE, 2021 |
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STATE OF HAWAII |
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SENATE RESOLUTION
REQUESTING THE COUNTIES TO STUDY HOW INCLUSIONARY ZONING IMPACTS HOUSING SUPPLY.
WHEREAS, inclusionary zoning is a housing policy that requires a certain percentage of housing units in a new residential development to be priced as affordable for people with low to moderate incomes; and
WHEREAS, the goals of inclusionary zoning policies include promoting economic and racial integration, providing access to opportunities such as better employment and schools for poor and working families, and increasing the supply of affordable housing; and
WHEREAS, research on inclusionary zoning policies indicates that inclusionary zoning can actually reduce the amount of affordable housing available in a particular area; and
WHEREAS, this unintended effect results from, among other factors, developers building high rent housing in the same project in order to subsidize the affordable housing units, or developers choosing not to build in areas in which inclusionary zoning applies; and
WHEREAS, there is a severe shortage of affordable housing across the State, and some or all of the counties have adopted inclusionary zoning policies in an attempt to increase the supply of affordable housing; and
WHEREAS, to ensure that these inclusionary zoning policies are increasing affordable housing instead of having the unintended opposite effect of decreasing the supply of affordable housing; now, therefore,
BE IT RESOLVED by the Senate of the Thirty-first Legislature of the State of Hawaii, Regular Session of 2021, that the counties that have implemented inclusionary zoning policies are requested to conduct a study of how those policies impact the affordable housing inventory within those counties; and
BE IT FURTHER RESOLVED that the study is requested to address:
(1) How the inclusionary zoning policy affected the production of new housing supply;
(2) How many units built under the inclusionary zoning policy are still owned by the first buyers;
(3) How many units built under the inclusionary zoning policy have been resold;
(4) How many units built under the inclusionary zoning policy still have an owner-occupancy exemption;
(5) What profits were realized by the first buyers who sold their units built under the inclusionary zoning policy; and
(6) Any other impacts the inclusionary zoning policy had on the housing market; and
BE IT FURTHER RESOLVED that certified copies of this Resolution be transmitted to the mayor of each county.
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OFFERED BY: |
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Inclusionary Zoning; Study; Affordable Housing