S.R. No. 169 Summary

• Establishes state policy to expeditiously address Hawaii's housing shortage, described as the worst in the state's history.

• Sets goal to plan and facilitate production of enough housing to meet demand, accounting for latent demand and natural population increase.

• References Department of Business, Economic Development, and Tourism projection that Hawaii will need 66,000 new housing units by 2025 to address the critical shortage.

• Identifies barriers to housing production including geographic limitations, lack of major infrastructure, and high construction costs.

• Requires certified copies of the resolution be transmitted to the Governor, President of the Senate, Speaker of the House, Director of Hawaii Housing Finance and Development Corporation, Director of Department of Budget and Finance, and Director of Department of Business, Economic Development, and Tourism.