HB 605 Summary

• Allows the Hawaii Community Development Authority to approve residential development on specified parcels in Kakaako makai (bounded by Ala Moana Boulevard, Forrest Avenue, Ilalo Street, Ohe Street, Olomehani Street, Ahui Street, and Kewalo Basin shoreline).

• Sets building height limit at 400 feet for residential developments approved on parcels bounded by Ala Moana Boulevard, Ilalo Street, and Forrest Avenue.

• Requires at least 50% plus one of residential units in approved developments to be allocated to households earning at or below 140% of area median income, with priority for essential workers (healthcare, hospitality, education, law enforcement, civil service, construction) working within five miles of Kakaako makai.

• Restricts sale of residential units in approved developments to prospective owner-occupants only.

• Establishes a Kakaako makai association fee collected from residential owners to be deposited into a special account funding maintenance, improvements, parking, beach access, security, and parks in the Kakaako makai area.

• Effective July 1, 2025.