A Honolulu program to incentivize affordable workforce housing hasn’t lived up to its expectations, a recent report has found.
The University of Hawaiʻi Economic Research Organization reviewed the city’s Bill 7 program and sent its report to the Honolulu City Council on March 27.
The University of Hawaiʻi Economic Research Organization presented a review of the city’s Bill 7 program that it sent to the Honolulu City Council in March. The measure became law in 2019, providing tax exemptions, relaxed development standards and waivers for parking requirements as incentives for developers to build affordable rental units…