The Hawaii Legislature passed bills updating the Individual Housing Account savings program and reforming affordable housing restrictions. A parking reform bill failed in a tie vote.
- Individual Housing Account program updated with higher tax-deductible deposit limits to help families save for home down payments.
- Inclusionary zoning reform passed, reducing restrictions that prevented locals from qualifying for or keeping affordable homes.
- New rules allow workforce housing buyers to move without penalties and remove some property ownership disqualifications.
- Parking mandate reform bill failed on a 25-25 tie vote in the House.
- Both passed bills now await the Governor’s signature to become law.
Source: Hawaii Free Press
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