Monday , September 26 2022

A look at Singapore for answers to the housing crisis of Honolulu


Stanley Chang wants to build a lot more public housing, and wants everyone in Honolulu to live in him – no matter how much money you have.

The East Honolulu Senator presented his new plan to address the city credit crisis for housing loans at a Capitol conference on Friday.

Chang's idea is inspired by the development of apartments in Singapore, where more than 80 percent of the population lives in public housing.

Slide from the presentation of Sen Chang shows the kind of development he thinks could help solve the housing crisis in the city.

The Democrat from Kaimuk wants to build a dense high state on state land and sells units over 99 years in Hawaiian families for about $ 300,000 each.

The price of a tavern in Honolulu last month was $ 390,000, and the median price of a family home was $ 800,000, according to a brokers board in Honolulu.

Under Chang's plan, only residents of Hawaii who do not have any other property could buy houses, and they should be the owners of the population, not the investors. However, units would not be limited to buyers who first bought houses, and would be open to anyone regardless of income.

He thinks buildings will be mixed income and located near planned railway stations, with conditional contents like infinite pools.

"This will be homes, not only will there be empty boxes," says Chang.

Chiang believes that the proposal is neutral for revenue – the state could float bonds to realize projects, but would get rid of funds through the sale of a home.

It is unlikely that such massive thinking of strategies for creating more accessible housing will pass the Legislature soon. Firstly, the deputies at the last session mainly focused on the creation of apartments for rent.

However, Chiang, who considers himself a progressive democrat, thinks that his new idea is the politically most appropriate response to the housing crisis in Hawaii, where many do not want more favorable development and demand far beyond supply.

Senator Stanley Chang of higher education.

Senator Stanley Chiang impressed Singapore, where more than 80 percent of residents live in publicly built buildings, during a recent visit.

Cori Lum / Civil Beat

The idea was welcomed by some housing deputies who are frustrated by the deterioration of the housing crisis.

Rev. Bob Nakata, a long-time lawyer for housing loans, says he is not sure how funding will work for Chang's proposal, but he likes how the senator finds a common place among the various stakeholders.

"It's a thing that can hold us together," Nakata said.

An environmental advocate Anthony Aalto, former lobbyist of the construction industry Tiler Dos Santos-Tam and developer Christine Camp, praised the idea for their courage.

Aalto says it is disappointing that a $ 1 billion rail project has not yet led to the large size of affordable flats.

"We should make vertical hoops at the Aloha stadium," he said, referring to Hoopili, a highly criticized 12,000-strong housing project on the main agricultural area at Eva Beach. "As progressives, we should try to encourage as many units as possible in the right place."

Chiang is planning to introduce the bill to the next session. Click here for all the details.

This story is part of the current series "Living Havaii", which examines our high cost of living and what it will do to reduce the "price of paradise." Send your suggestions for which life story stories to cover, or join the Facebook talk page Cost of Living.

Source link