CHALLENGE TO AFFORDABLE HOUSING LAW

August 31st, 2007

We all knew it was coming and now it is here. A Canadian condominium developer seeking to build two projects in the Kamaole area has filed a suit in Federal Court challenging Maui's "Workforce Residential Housing Policy."

 

The county Workforce Residential Housing Policy requires 40 percent to 50 percent of all housing units in a new development to be priced at affordable ranges. It was approved by the council last year over a veto by former Mayor Alan Arakawa.

 

This law can only have the effect of slowing development and maintaining high existing property values. Expect to read more about this in the coming months.