How do you solve Oahu’s affordable housing crunch?
Honolulu Mayor Kirk Caldwell outlined his strategy Thursday night during a town hall meeting at the Blaisdell.
Caldwell says the city is working with private developers to build more affordable rentals.
“Primarily rental is a big focus. But also for sale. There’s such a huge demand for rental and we just don’t build in that area here on. One of the things is working with developers to see if we can have them build more rental housing. Eighty percent of AMI, average median income. What that means is someone who is making a family of four making about $76,000 which isn’t a lot of money when you think of trying to take care of four,” said Caldwell.
Caldwell also wants to increase low-income and homeless housing options.