HCDA considering tougher regulations to create more affordable h - Hawaii News Now - KGMB and KHNL

HCDA considering tougher regulations to create more affordable housing

HONOLULU (HawaiiNewsNow) -

The Hawaii Community Development Authority is looking at implementing more stringent regulations for developers as a means of creating more affordable housing. The HCDA is drafting language that it will begin to debate next month.

The Howard Hughes Corporation is one of the largest landowners in Kakaako.  Ae'o, Howard Hughes' latest retail & residential project in Kaakako is scheduled for completion in 2018.  With condos starting in the low $400-thousand dollar range...some of the 466 dwellings are considered affordable housing by Hawaii standards. But adding to the inventory won't be easy.

"Land costs are high. Construction costs are higher here because literally everything needs to be shipped in across the ocean from the mainland." said David Striph, Senior Vice President for the Howard Hughes Corporation.  "So it obviously makes it much more difficult to make things pencil here"

The only way Howard Hughes Corporation can build affordable housing in their neighborhoods is to pass the cost on to someone else.

"The higher end stuff really subsidizes the affordable for us," said Striph.  "We couldn't build it and make money.  You lose money building it but the market rate allows you to do it.  It essentially subsidizes it."

The problem is all too familiar at Hawaii Community Development Association.  So the HCDA needs to find ways to keep developer costs down.

"Ultimately we have to have control over the land prices," said HCDA Board member John Wayland.  "That means we need to have land that is entitled to the state or city or some non profit organization that will manage the affordable housing."

But even that is likely to come at a cost.

Copyright 2015 Hawaii News Now. All rights reserved.

  • Hawaii News Now headlinesNewsMore>>

  • Tourism (but not much else) is booming in Hawaii. Here's why that's a problem

    Tourism (but not much else) is booming in Hawaii. Here's why that's a problem

    Friday, September 21 2018 10:13 PM EDT2018-09-22 02:13:53 GMT
    Visitors in Hawaii. (Image: Hawaii News Now/file)Visitors in Hawaii. (Image: Hawaii News Now/file)
    Visitors in Hawaii. (Image: Hawaii News Now/file)Visitors in Hawaii. (Image: Hawaii News Now/file)

    Economists are seeing troubling trends in Hawaii's economy. 

    More >>

    Economists are seeing troubling trends in Hawaii's economy. 

    More >>
  • AP sources: Rosenstein spoke of possible secret Trump taping

    AP sources: Rosenstein spoke of possible secret Trump taping

    Friday, September 21 2018 2:40 PM EDT2018-09-21 18:40:49 GMT
    Friday, September 21 2018 10:13 PM EDT2018-09-22 02:13:31 GMT
    (AP Photo/Evan Vucci, File). FILE - In this July 13, 2018, file photo, Deputy Attorney General Rod Rosenstein speaks during a news conference at the Department of Justice in Washington. Rosenstein is denying a report in The New York Times that he sugge...(AP Photo/Evan Vucci, File). FILE - In this July 13, 2018, file photo, Deputy Attorney General Rod Rosenstein speaks during a news conference at the Department of Justice in Washington. Rosenstein is denying a report in The New York Times that he sugge...
    Deputy Attorney General Rod Rosenstein is denying a report in The New York Times that says he suggested last year that he secretly record President Donald Trump in the White House to expose the chaos in the...More >>
    Deputy Attorney General Rod Rosenstein is denying a report in The New York Times that says he suggested last year that he secretly record President Donald Trump in the White House to expose the chaos in the administration.More >>
  • GOP, Kavanaugh accuser in standoff over her Senate testimony

    GOP, Kavanaugh accuser in standoff over her Senate testimony

    Friday, September 21 2018 1:50 AM EDT2018-09-21 05:50:12 GMT
    Friday, September 21 2018 10:13 PM EDT2018-09-22 02:13:27 GMT
    (AP Photo/J. Scott Applewhite). Protesters opposed to President Donald Trump's Supreme Court nominee, Brett Kavanaugh, occupy the office of Judiciary Committee Chairman Chuck Grassley, R-Iowa, in the Hart Building on Capitol Hill in Washington, Thursda...(AP Photo/J. Scott Applewhite). Protesters opposed to President Donald Trump's Supreme Court nominee, Brett Kavanaugh, occupy the office of Judiciary Committee Chairman Chuck Grassley, R-Iowa, in the Hart Building on Capitol Hill in Washington, Thursda...

    A lawyer for Christine Blasey Ford says she'd testify next week to the Senate Judiciary Committee about Brett Kavanaugh if conditions can be agreed to.

    More >>

    A lawyer for Christine Blasey Ford says she'd testify next week to the Senate Judiciary Committee about Brett Kavanaugh if conditions can be agreed to.

    More >>
Powered by Frankly