URGING THE HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION TO DEVELOP A PLAN TO PRODUCE SUFFICIENT HOUSING TO MEET THE STATE'S DEMAND.

This non-binding House Resolution (HR 86) urges the Hawaii Housing Finance and Development Corporation (HHFDC) to create a plan addressing Hawaii's severe housing shortage. It cites data showing the state produces far fewer housing units annually (0.6% growth) than the national average (1.3%), with high demand for housing in the 120%+ income range but current focus on lower-income units. The resolution requires HHFDC to submit its plan to the legislature by January 2026, emphasizing the need for housing that meets statewide demand, including units for middle- and higher-income households. It directly affects Hawaii residents struggling with housing costs and availability, which the resolution states contributes to 24% of residents considering leaving the state.