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Caldwell is in over his head, out of his league. His “solutions” are laughable.
What a gift to the developers! They must have paid (his campaign fund) him well.
They must be drafting the request for variances already.
Nope good idea…. that and having developers help pay for rail stations.
Nope, bad idea. House & apartment prices are not set by the government. Prices are set by demand and supply. By imposing dumb regulations, extra charges and restricted land use, Hawaii guarantees the supply of new housing will be far less than the increasing demand. Prices will increase for decades and more, thus increasing the demand even more! Throwing tax payer money at the problem won’t work, at least it certainly won’t lower the costs/prices of housing but if you’re going to subsidize housing, it is more fair that all residents help subsidize the effort, not just those who are buying a new housing unit. This is another example of unintended consequences. The more the government leans on developers making house cost more and fewer housing units to be built — the more prices increase. This is investors’ HEAVEN!
It’s a form of subsidy from all the people to streamline processing of developer plans for permitting and easements, in exchange for lower prices. Everyone benefits.
Another mantra I’ve been hearing for the last 50 years. Dream on little dreamer.
Big time liar and phony mayor. Worst mayor ever and by far the most destructive to the aina. But mainlanders love the Krook because they got a rail job. Local people got hozed.
I agree He is Full of Kukai !
“The mayor also emphasized the importance of finishing all 20 miles of the city’s rail line to Ala Moana Center, adding that he is ‘deeply troubled’ by the escalating costs.”
LIAR. He is deeply pleased by the escalating kickbacks he gets.
“The rail cost has ballooned from $5.26 billion in 2014 to nearly $10 billion now. ”
More LIES. It should say “The rail cost has ballooned from $2.7 BILLION (Mufi’s empty campaign promise) to nearly $10 billion now.”
“The mayor also emphasized the importance of finishing all 20 miles of the city’s rail line to Ala Moana Center, adding that he is “deeply troubled” by the escalating costs. ”
I think he’s also “deeply concerned” about tripping over those giant piles of campaign contributions from developers, construction interests, and other’s feeding at the rail trough.
We should build the affordable homes on his property & save money cuz we don’t have to buy the land. If we cannot then we should build it in his big fat lying mouth. I think we could fit a 1000+ homes in it.
This Mayor is a prime example of why our island is so messed up.
Why would anyone with a brain think this guy has any vision or smarts ? Who voted for this F O O L ?
Can’t even listen to him anymore, its SICKENING.
Who voted for this fool? Other like minded fools! We get the government we deserve!
He’s doing an outstanding job.
That’s why he has been re-elected. Republicans are just sour grapes…
Get over it.
What he is doing is criminal and unethical. Like I said, Divine intervention.
Affordable housing–===amounting to home prices of $833,000—
now Thats affordable to WHO????????????
Eight Hundred and Thirty Three Thousand Dollars Gee even a City worker could afford that huh
The City should enforce rules on prices.
But 140% of median housing is a lot of money when you consider that many families will help their kids with the first down payment. So you can expect a similar figure from someone selling another home and moving up. In other words about a $200,000 down payment.
Median income no median housing
wazdat, me 2, i get sick hearing him, not sure how the hell he got in………
Another BS speech. First he talks about the homeless, his sit lie bill that does nothing, and now he wants to built affordable housing. Give the voters a break. My question to you mayor, what is affordable housing when the majority of the workers make minimum wages? And don’t tell me one unit will cost $300 thousand and up. That’s not affordable housing!!! Another photo up speech.
Once someone lies to you, it’s pretty hard to trust whatever they say to you again. Remember, this is the man who said that rail will be built on time and on budget. OK, that was early in the game. But ever since, more lies have been spouted from the cost of the rail to how we are going to fund it to the length of time we need the tax increase. There is a saying: “Fool me once, shame on you. Fool me twice, shame on me!” I wonder what happens when we are fooled dozens of times? And he WON the 2016 election!
Oh come on. Caldwell is still stuck on Rail!
The best incentive to builders would be to deny them the ability to put up super tall, super expensive condos for out of state super rich until they build an equal amount of affordable, or at least reasonably priced housing for our resident workforce.
Nope… most of the competition for homes in the affordable range are from investors who want to flip it in a year for a higher price.
They are bidding up the price of homes unnecessarily. We don’t want to encourage a housing bubble. It’s not a real economic market.
On the other hand we want to meet the needs of housing for people who don’t have it. It’s fine with me if investors go for the three million dollar homes.
$800,000 IS NOT AFFORDABLE HOUSING.
Current guidelines require that at least 30 percent of new housing units be offered to those earning up to 140 percent of AMI, which is $140,730 for a family of four, amounting to home prices of $833,000. Critics have contended that the threshold is too high for most families.
The proposal is to have 15% for rent, 20% for sale for units near the rail stations and 5% for rent, 10% for sale for units not near the stations. Unless I’m not doing the math correctly, the average of the above numbers is less than the current 30% guidelines. If the mayor really is concerned about the local people, I would think the proposal would be to have more than 30% available as affordable.
Don’t be lazy, work more. If you worked 4 full time jobs a day, 9 days a week you could afford this low price point. Make sure your kids are working at least two full time jobs too. Slackers can play sports and go to school when the mortgage is paid off.
But he was so overjoyed at the Waiea grounbreaking about having $20 million dollar penthouses and declared that Honolulu is now a world class city
Yeah! We are a world class of homeless people.
San Francisco has a plan that seems to be working:
How I bought a condo in San Francisco for $268,000
Actually we have his here too, no one pays attention when the good news happens for first time homeowners.
Ke Kilohana was a great success for reserved housing Buyers, my friend scored a one-bedroom unit for $274,000.
The good news for our mayor is that the rules for TOD say nothing about elevated heavy rail. It is clear that the desire for TODs is the driving force for rail. Nobody is interested in transit. The testimony over the last ten years has not included any bus rider groups. The proposed rail is not “rapid – only 28 mph – and not high capacity – tracks are empty for 5 minutes here and ten minutes there. After ten years, the solution we need has been created on the mainland. It is called “BTOD”. Bus Transit Oriented Development. It has all the requirements for our planned TODs at a much smaller price. Try Google BTODs and learn about using buses for our planed TOD neighborhoods.
Is this mainly a in-town plan or was West Oahu considered? How can this plan apply to the super development Hoopii? IMO Hoopii should build multi-family high rises clustered tight around the rail line. More homes would be available as most would be multi family. Cheaper homes as multi family is cheaper….if tightly clustered around rail would promote rail use and help alleviate traffic. Even DR Horten wins as margins are typically higher on multi family homes. Then major chunks of that land can go back to agriculture. A win win and still not to late to do this.
Definitely! In Hawaii, Oahu in particular, land is finite, so we absolutely cannot have too many more sprawling single family subdivisions. I guess I’m being hypocritical since I managed to buy my own little postage stamp yard and single family cracker box home 25 years ago, but with the population growing, and land getting more scarce, we have to think about going vertical, not horizontal.
Asking developers to build affordable units will not solve our homeless issue. The working poor and homeless cannot come up with the down payment and will not be able to get a mortgage. The financials won’t work because their income is low enough to qualify for affordable housing but probably not high enough to satisfy the lender’s underwriting requirements. Even at $300k, lenders will require $60k down. You can build 10,000 units but buyers will likely be recent college grads living at home with stable jobs. My tenants who have decent jobs but live paycheck-to-paycheck will not be able to buy.
Ultimately, the state will either have to create lending incentives or offer the mortgages themselves so homeless to be able to “buy” an affordable house. lol only in Hawaii. While I sympathize for those that grew up here, what ever happened to living within your means? Why does Hawaii taxpayers have to subsidize those that want to live in paradise without the means to afford it? My daughter wanted to live in San Fran until she found out she needed to earn about $150k just to be comfortable. It would have been irresponsible of her to take a low paying job and depend on taxpayers to fund her desire to live in a place where she couldn’t afford. Move somewhere where the cost of living is low and then maybe in 10 years with a financially disciplined budget, you will have saved your down payment.
I can speak from experience about the abuses regarding free and affordable housing. My brother got his Nanakuli homelands lot in the early 1990’s. He had Habitat build him a free house. He then sold the homelands property at nearly market price to a young Hawaiian family. With that, he purchased (with cash) a house in Moilili and an affordable unit in downtown Kukui Plaza. He rented out the affordable unit as his monthly income (he didn’t work) for 10 years and then sold the apartment for nearly 600% profit. With apt. proceeds and the sale of his Moilili house, he was able to purchase a residence across Kahala Elementary free and clear. Without the homelands lot and affordable unit, he would be living at home sponging off our parents (where he should have been). Instead, he “earned” a house in Kahala without working a day in his adult life through the state’s socialist programs. If you get free or subsidized property from the state, you should only get your original investment back if you sell. No exceptions.
Boy, your brother one smart bugga.
It’s rare someone blogs an interesting comment… this one qualifies and more, thanks
The Mayor’s AMI definition needs revue. Someone pulled this number out of their arse. Must be the same people that produced the rail estimates.
You wanna put more people in their own home? Give 60 year mortgages at 2%!
I would like the Mayor to define Affordable to the average citizen ?
Affordable is the buzz word that he uses to sell contractor programs.
His “affordable” numbers do not add up. Especially with the lack of quality job opportunities in Honolulu. How do middle and lower income residents afford these homes when the only jobs available is mostly in the service industry. The mayor talks about our kids having to live in the mainland because they can’t afford to live here. Quality jobs and business opportunities is the reason most of our kids leave. Many who left want to come home but cannot find a quality job to afford living here. Mayor, Governor, let’s make Hawaii business friendly and bring industries other than tourism and the military here so our Keiki o ka aina can stay home
Nice sentiments but our politicians are not listening and they are busy helping themselves and getting as much as they can because they know
this place is a lost cause. In a few more years, there will only be the very rich and rich and the rest will be struggling just to live and not become
homeless. And those with half a brain and any kind of talent and smarts will elect to out-migrate elsewhere as there will be no opportunities or future for
them here. You only have to believe what you see everyday to know what is happening.
There’s no such thing as affordable housing in Hawaii. Caldwell might as well make a pitch to make cows fly…sad part is that a majority of the people think he could do it.
Nope blame environmentalist for holding up Hoopili and Koa Ridge developments for over 10 years….
this guy is so full of it………
Throw the bum out.
Outstanding job by Caldwell.
We need to point out that by building 800 affordable units a year, we are also freeing up 800 rentals. With affordable rentals being build there will be an effective lowering of the costs of living.
Great financial relief for Hawaii’s families in paradise.
You must have brown eyes, because you’re full kukae.
We kupunas have a lot of common sense….
PRP came out with the contractor programs the mayor should sell as affordable to the public. Its a buzz word thats all. Not everbody is as stup.id as yourself.
Closing barn door. Every development should be required to offer affordable benefits with no more incentive @ tax payer expense. Castle & crook & d h Horton laughing all way to bank. Tax payers end up with infrastructure bills. Crazy
How much is he getting?
Outstanding job… the city is doing well.