SB 67 Summary

• Prohibits counties from imposing inclusionary zoning requirements on housing developments offered exclusively for sale or rent in perpetuity to Hawaii residents who are owner-occupants or renters and do not own other real property.

• Defines "inclusionary zoning requirement" as any mandate to set aside a fraction of a housing development for below-market-price sale or rental.

• Amends Hawaii Revised Statutes Section 46-4 to add new subsection (h) establishing the exemption from inclusionary zoning for qualifying perpetual-occupancy housing.

• Addresses Hawaii's affordable housing shortage by preventing deed restrictions that limit the time units remain affordable, allowing properties to serve local residents in perpetuity instead.

• Takes effect upon approval with no impact on rights, duties, or proceedings that existed before the effective date.