A live, weekly, web series exploring the intricacies of and solutions to Hawaii's housing crisis from a global perspective.
Hosted by Hawaii State Senator Stanley Chang.
Does a New Market Priced Condo Free Up Cheaper Housing?
Senator Chang hosted Professors Justin Tyndall and Limin Fang from UHERO for a data-driven discussion on Hawaiʻi’s housing supply challenges and policy solutions.
Professors Tyndall and Fang’s working paper, “The Downmarket Impact of New Multifamily Housing: Evidence from a Honolulu Condo Tower,” highlighted the importance of building new multifamily housing. Their research shows that when new housing is developed, it creates vacancies that open up opportunities for families and individuals seeking more affordable options. In short, increasing housing supply expands opportunities for local residents to rent or purchase both new and existing homes.
Link to study: https://uhero.hawaii.edu/the-downmarket-impact-of-new-multifamily-housing-evidence-from-a-honolulu-condo-tower/
18 Jul 2026
How to turn LIHTC Renters into Homeowners
More than just housing, Arbor 515 gives Salt Lake City residents the opportunity to build a future. The new development, a conversion of a former office building financed by Low Income Housing Tax Credits (LIHTC), provides housing for residents earning between 25% and 55% of the area median income while also offering a unique opportunity to build equity.
According to developer Chris Parker, director of the Perpetual Housing Fund (PHF), most of the building's annual cash flow will be returned to residents. If Arbor 515 is refinanced or sold, residents will also receive direct payments based on the length of time they have lived in their apartments. PHF, a lean non-profit with community-first capital sources, is able to share the majority of all annual cashflow, long-term equity generation, and future refinance/sale proceeds with the residents living in a PHF project.
To learn more how this innovative approach is helping low income renters build financial security and explore whether similar ideas could help address Hawaiʻi's housing challenges, please listen Senator Chang and Chris Parker's intriguing conversation!!
You can also watch this webinar on Senator Chang's YouTube page: HERE (https://youtu.be/fFD4PWA7YTs).
14 Sept 2024
Our Homes - Ending the Housing Crisis: An Empty Homes Tax for Honolulu
In this episode of Our Homes, Ellen Carson and Keith Webster (advocates for Faith Action for Community Equity, a nonprofit focusing on housing and homelessness solutions) speak about an empty homes tax under consideration by the Honolulu City Council. Modeled after Vancouver, Canada’s tax, Honolulu’s proposal would be levied on an empty home’s assessed value, on a graduated rate with a 3 year phase. Faith Action for Community Equity believes this would disincentivize non-resident buyers and create a funding mechanism to support more housing construction and homeless services.
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4.5 / 5
6 ratings
Spotify
5.0 / 5
1 ratings
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