Hawaii officials chip away at 60,000-unit housing shortfall - Hawaii News Now - KGMB and KHNL

Hawaii officials chip away at 60,000-unit housing shortfall

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HONOLULU (AP) - Housing developers and lawmakers in Hawaii are debating how to chip away at the state's severe housing shortage.

Hawaii is about 60,000 units short of what it will need to house everyone over the next 5 years, according to a recent study.

Developers said Monday they want more financing tools from the government to subsidize housing and infrastructure projects.

The Hawaii Housing Finance and Development Corporation plans to add more than 6,000 rental and for-sale homes to the market between now and 2020. Executive director Craig Hirai says there's plenty of demand among developers to build even more affordable rentals.

The Hawaii Public Housing Authority could add 1,500 to 2,000 additional units to the market over the next 5 years.

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