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Government Intervention in Honolulu's Housing Marketing: The Housing Finance and Development Corporation (HFDC)

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Title: Government Intervention in Honolulu's Housing Marketing: The Housing Finance and Development Corporation (HFDC)
Authors: Lau, Clement
Issue Date: 15 Jan 2014
Publisher: University of Hawaii at Manoa
Abstract: ffordable housing is defined as housing available for rental or purchase to low- or moderate-income families at 30 percent of their gross income (White, 1992, p. 2). In Honolulu, the lack of such housing is commonly recognized as a major problem. There are two dimensions to the issue of housing unaffordability. First is housing costs in general. The cost of housing in Honolulu is significantly higher than in most US cities. In the 1997 Leventhal Real Estate Group Study1, Honolulu is rated the fourth costliest housing market in the nation, behind only San Francisco, New York and Los Angeles (Daysog, p. B-1). The second dimension is the availability of housing for needy populations, especially low- income renters and first-time homebuyers. According to a 1992 housing study, low- and moderate-income households, defined as those earning below 80 percent of the state's median income, have the greatest unmet housing demand amongst households in Hawaii (Higa, 1996,p. 19).
Pages/Duration: 42 pages
URI/DOI: http://hdl.handle.net/10125/32092
Rights: All UHM Honors Projects are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission from the copyright owner.
Appears in Collections:Honors Projects for Financial Economics and Institutions



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