AFFORDABLE HOUSING AND DEVELOPMENT

October 29th, 2006

The Maui County Council is considering a proposal whereby most new developments be required to provide 40-50% of the unit for affordable housing or to pay $190,000 fee per unit built. Mayor Alan Arakawa has come out against the proposal which would undoubtedly crimp ongoing development and thus probably create upward pressure on the price of the existing housing stock on the island.