IMPlicAtiONS FOR OAhU'S HOUSiNG MARkEt - UHERO
IMPlicAtiONS FOR OAhU'S HOUSiNG MARkEt - UHERO
IMPlicAtiONS FOR OAhU'S HOUSiNG MARkEt - UHERO
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Inclusionary Zoning:Implications for Oahu’sHousing MarketFEBRUARY 12, 2010
FEBRUARY 12, 2010 2INCLUSIONARY ZONING:IMPLICATIONS <strong>FOR</strong> OAHU’S HOUSING MARKETCARL S. BONHAM, PH.D.KIMBERLY BURNETT, PH.D.ANDREW KATO, M.A.RESEARCH ASSISTANCE BY2424 MAILE WAY, ROOM 540 • HONOLULU, HAWAI‘I 96822(808) 956-7605 • <strong>UHERO</strong>@HAWAI‘I.EDU<strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 3TABLE OF CONTENTS <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 4EXECUTIVE SUMMARY . <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 5 <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 6 <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 7 <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 8 <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 91. INTRODUCTION <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 102. THE HOUSING SITUATION ON OAHUA. POPULATION TRENDS © 2010SOURCE: 2008 STATE OF HAWAII DATA BOOK, TABLES 1.59 AND 1.63, HTTP://HAWAII.GOV/DBEDT/INFO/ECONOMIC/DATABOOK/<strong>UHERO</strong>.HAWAII.EDU
FEBRUARY 12, 2010 11 SOURCE: 2008 STATE OF HAWAII DATA BOOK, TABLE 1.28, HTTP://HAWAII.GOV/DBEDT/INFO/ECONOMIC/DATABOOK/ SOURCE: CENSUS 2000 SUMMARY FILE 1 (SF 1) 100 -PERCENT DATA , QUICK TABLES QT-H3, CENSUS 1990 SUMMARY TAPE FILE 1(STF 1) - 100-PERCENT DATA, DETAILED TABLES DP-1, 2008 AMERICAN COMMUNITY SURVEY 1-YEAR ESTIMATES DP-2 <strong>UHERO</strong>.HAWAII.EDU © 2010
FEBRUARY 12, 2010 12 B. HOUSING STOCK ON OAHU <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY12, 2010 13 SOURCE: HAWAII DATA BOOK , 1967-2009, HTTP://HAWAII.GOV/DBEDT/INFO/ECONOMIC/DATABOOK / * NOTE: ONLYAPARTMENT DATA AVAILABLE <strong>FOR</strong> 1959. SOURCE: US CENSUS BUREAU, CENSUS 1990 AND 2000 TABLES QT-H1 AND ACS 2006, 2007, AND 2008 1-YEAR ESTIMATES TABLE DP-4<strong>UHERO</strong>.HAWAII.EDU © 2010
FEBRUARY 12, 2010 14 SOURCE: US CENSUS BUREAU, 2008 AMERICAN COMMUNITY SURVEY 1-YEAR ESTIMATES, TABLE B25036<strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 15 SOURCE: CENSUS BUREAU SERIES IDS HONO115BPPRIV AND HONO115BP1FH, AVAIL ABLE ATHTTP://RESEARCH.STLOUISFED.ORG/FRED2/RELEASE?RID=148&OB=LU&OD=DESC&PAGEID=1 C. HONOLULU’S HOUSING AF<strong>FOR</strong>DABILITY <strong>UHERO</strong>.HAWAII.EDU SOURCE: CENSUS BUREAU, HOME OWNERSHIP R ATE <strong>FOR</strong> HAWAII, SERIES HIHOWN AVAIL ABLE ATHTTP://RESEARCH.STLOUISFED.ORG/FRED2/SERIES/HIHOWN?CID=27293© 2010
FEBRUARY 12, 2010 16 SOURCE: <strong>UHERO</strong> <strong>UHERO</strong>.HAWAII.EDU © 2010
FEBRUARY 12, 2010 17 SOURCE: CENSUS BUREAU, 2002, 2005, AND 2008 ACS 1-YEAR ESTIMATES, TABLE DP-4 <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 183. INCLUSIONARY ZONING AS A SOLUTION TO THE AF<strong>FOR</strong>DABLEHOUSING CHALLENGEA. BRIEF INTRODUCTION TO INCLUSIONARYZONING B. ECONOMICS OF INCLUSIONARY ZONING <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 19 <strong>UHERO</strong>.HAWAII.EDU © 2010
FEBRUARY 12, 2010 22E. IMPACTS OF INCLUSIONARY ZONING ONHOUSING SUPPLY AND LONG-TERM PRICING <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 234. LESSONS FROM THE NATIONAL AF<strong>FOR</strong>DABLE HOUSINGLITERATURE <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 24 <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 26<strong>UHERO</strong>.HAWAII.EDU © 2010
FEBRUARY 12, 2010 27 <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 285. OVERVIEW OF OAHU’S INCLUSIONARY ZONING POLICIES A. THE KAKAAKO COMMUNITY DEVELOPMENTDISTRICT <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 29SOURCE: SUPPLEMENTAL EIS PREPARATION NOTICE, REVISIONS TO THE KAKAAKO COMMUNITY DEVELOPMENT DIS-TRICT MAUKA AREA PLAN AND RULES, HCDA, DECEMBER 2007, P.1-3 AVAILABLE AT HTTP://OEQC.DOH.HAWAII.GOV/SHARED%20DOCUMENTS/EA_AND_EIS_ONLINE_LIBRARY/OAHU/2000S/200 7-12-23-SEISPN-KAKAAKO-COMMUNI-TY-DEVELOPMENT-DISTRICT-MAUKA-AREA.PDF B. KAKAAKO’S RESERVED HOUSINGREQUIREMENT RULE <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 30 C. 2009 SENATE BILL 1350 <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 32 E. DEFINING “SUCCESS” OF INCLUSIONARYZONING <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 33 <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 34 <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 356. THE EFFECTS OF OAHU IZ ON AF<strong>FOR</strong>DABLE HOUSING A. KAKAAKO <strong>UHERO</strong>.HAWAII.EDU *PROJECT CONSTRUCTION IS ON HOLD AND EXCLUDED FROM THE SUM TOTAL (ACTUALLY BUILT).SOURCES: HCDA AF<strong>FOR</strong>DABLE HOUSING MAP, AVAIL ABLE ATHTTP://HCDAWEB .ORG/K AK A AKO/PROJECTS/AF<strong>FOR</strong>DABLE%20HOUSING%20MAP.PDF, AND HCDA 2008ANNUAL REPORT P. 5 © 2010
FEBRUARY 12, 2010 36 SOURCE: WRITTEN TESTIMONY SUBMITTED BY ANTHONY CHING, EXECUTIVE DIRECTOR OF HCDA BE<strong>FOR</strong>E THE HOUSECOMMITTEE ON WATER, L AND, OCEAN RESOURCES & HAWAIIAN AFFAIRS, MONDAY, MARCH 10, 2008, AVAIL ABLE ATHTTP://WWW.CAPITOL.HAWAII.GOV/SESSION2008/TESTIMONY/SB2982_WLH_03-10-08_.PDF<strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 37B. CITY AND COUNTY OF HONOLULU SOURCE: DPP (2005), TABLES 2 AND 5<strong>UHERO</strong>.HAWAII.EDU © 2010
FEBRUARY 12, 2010 38 C. AF<strong>FOR</strong>DABILITY UNDER CURRENTKAKAAKO AND SB 1350 RULES <strong>UHERO</strong>.HAWAII.EDU © 2010
FEBRUARY 12, 2010 39 NOTE: 2009 DATA ARE <strong>UHERO</strong> <strong>FOR</strong>ECASTS .SOURCE: <strong>UHERO</strong> <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 407. POLICY ALTERNATIVES TO INCLUSIONARY ZONING A. MAINTAIN SUPPLY OF EXISTINGAF<strong>FOR</strong>DABLE HOMES B. MAINTAIN EXISTING OWNERSHIP OFAF<strong>FOR</strong>DABLE HOMES C. INCREASE LAND AVAILABILITY <strong>FOR</strong>AF<strong>FOR</strong>DABLE HOME CONSTRUCTION <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 41 D. RECOGNIZE AND ELIMINATE CONFLICTINGPOLICIES AND PROGRAMS <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 42E. RECOGNIZE AND LEVERAGE INTEREST-COMPATIBLE POLICIES AND PROGRAMS <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 43 F. DEMAND-SIDE POLICIES <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 448. CONCLUSION <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 45 <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 46REFERENCES <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 47 <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 48 <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 49 <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 50ENDNOTES <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 51 <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 52 <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 53 <strong>UHERO</strong>.HAWAII.EDU© 2010
FEBRUARY 12, 2010 54 <strong>UHERO</strong>.HAWAII.EDU© 2010
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