Hawaii and Honolulu laws require most new developments to set aside a certain percentage of units as affordable rental housing, but it’s not enough. In five years, Honolulu will still need thousands of additional new units. That has elected officials looking for other solutions to the problem, and some think they’ve found one in Singapore. — Marketplace
The housing proposal put forward by Hawaii State Senator Stanley Chang is called Affordable Locally Owned Homes for All, or ALOHA, and looks to replicate the public housing program of Singapore which has a comparable median household income.
Marketplace's Ryan Finnerty reports that the "vast majority of Singaporeans live in flats built by the government — [...] between 80% and 85% of the island nation’s 5.6 million residents. Singapore residents can purchase a two-bedroom flat on the resale market for less than $300,000."
1 Comment
ALOHA means “Affordable Locally Owned Homes for All”. Love it! The government officials of Hawaii were wise to copy Singapore's public housing model to address their housing crisis. When it comes to handling a present distress, if someone has an idea that's been proven to work, use it!
Block this user
Are you sure you want to block this user and hide all related comments throughout the site?
Archinect
This is your first comment on Archinect. Your comment will be visible once approved.