‘Affordable Housing’ Projects In Hawaii Are Unaffordable To Many
“The policy might seem like a no-brainer for the City and County of Honolulu: to encourage replacing 15 old, market-rate units with 60 new affordable ones, given the island’s acute housing shortage. But there’s a catch. Under Bill 7’s definition of ‘affordable,’ a two-bedroom affordable unit could rent as high as $2,947 a month – much more than the $500 to $1,300 a month residents of 1202-A Pua Lane now pay, according to the property’s rent roll.”