OUTGOING MAYOR VETOES AFFORDABLE HOUSING BILL

November 25th, 2006

From the Maui News

 

As promised, Mayor Alan Arakawa vetoed a residential work force housing policy Friday that proposed requiring as much as 50 percent affordable units in future developments…Mayor-elect Charmaine Tavares, who was contacted on the Mainland by telephone, said she and other council members expected Arakawa’s veto and were prepared to meet and act on it. “I think the council will override it,” she said.

 

The passing of this bill will likely have a significant negative impact on future development and a near term positive impact on property values on Maui.

 

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