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HI SR126
Resolution
AI Summary
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Requests the University of Hawai'i Economic Research Organization (UHERO) to study potential impacts of taxation and eminent domain on housing prices and availability in Hawaii.
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Study should assess effects of these policies on vacant and surplus housing and properties owned by institutional investors, including impacts on sale prices, rental prices, housing supply, and the state economy.
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UHERO is requested to transmit findings, recommendations, and any proposed legislation to the Legislature no later than 40 days before the 2026 Regular Session convenes.
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UHERO should assess the legality and administrability of taxation and condemnation programs by consulting with relevant state agencies as necessary.
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Resolution cites Hawaii's housing crisis with approximately 80,000 vacant units statewide (14% vacancy rate), out-of-state ownership of roughly 20% of homes, and institutional investor purchases that further reduce housing availability.
Legislative Description
Requesting The University Of Hawaii Economic Research Organization To Conduct A Study On The Potential Impact Of The Use Of Taxation And Eminent Domain On The Price And The Availability Of Housing In The State To Address The Concentration Of Residential Property Ownership Among Owners Of Vacant And Surplus Housing And Institutional Investor Property Owners.
Taxation
Last Action
Referred to HRE/HOU.
3/12/2025