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MEDIA ADVISORY–EMBARGOED ÌÇÐÄÊÓƵERO report highlights opportunities to build on Honolulu’s Bill 7 housing

This ÌÇÐÄÊÓƵERO report is embargoed until Monday, November 9 at 12 a.m. HST. Here is a link to the embargoed press copy of the forecast:  

ÌÇÐÄÊÓƵERO researchers will be available to answer questions at a virtual press conference on November 9 at 10 a.m. HST. Email news@hawaii.edu for the Zoom link to participate.

The (ÌÇÐÄÊÓƵERO) will release a new report on November 9, evaluating Honolulu’s “Bill 7” affordable rental housing program, which has produced 224 completed units since its adoption in 2019, well below its goal of 500 units annually. Using ÌÇÐÄÊÓƵERO’s new Housing Policy Simulator, the study finds that Bill 7 substantially improves development feasibility compared with standard zoning, but rising construction costs, higher interest rates, and permitting delays continue to constrain housing production. The report identifies opportunities to improve the program through increased development density, faster permitting, and more effective financial incentives.