HBR News

Update: Short-term vacation rentals

Details: Category: City Affairs Blog; Published: July 24, 2019

As HBR and our City Affairs Committee (CAC) continue to engage with City Council and various county departments on Ordinance 19-18, we appreciate the questions and concerns that were raised by our members at the HBR Agent Forum on July 12 regarding Bill 89 as to how the new law change will impact real property with Nonconforming Use Certificates (NUC). The understanding of the law, how it will be enforced and regulated, addressing existing NUC’s and B&B’s and newly permitted B&B’s, is still under discussion and review by DPP. As more clarity is provided, HBR will continue to provide updates. Links to the forum handouts and videos can be found below.

Honolulu City Council Update

Details: Category: City Affairs Blog; Published: June 19, 2019

City Council passed the following measures on the following:

Residential A tax rate increase | Homeowner's exemption amount increase | Short-term vacation rental regulations and enforcement

RESIDENTIAL A TAX RATES INCREASE

Honolulu City Council introduced and passed Resolution 19-55, which sets real property taxes for Hotel/Resort and Residential A for fiscal budget year 2019-2020. Residential A Tier 2 (after the first million) tax rate was raised to $10.50 (a $1.50 increase) per $1,000 assessed property value. Residential A tax rate applies to property owners without a home exemption. Property owners will see an increase in their July Honolulu City & County real property tax bill.

City Council Hears Final Reading for Vacation Rental Bill

Details: Category: City Affairs Blog; Published: May 8, 2019

The issue of vacation rentals has been so controversial that even as the City Council faces final reading of Bill 89 CD 2, additional bill drafts are being proposed. The City Council meets on Wednesday, May 8, at 10 am to discuss the issue as well as other important bills.

Affordable Walk-Up Rental Bill Heard by City Council

Details: Category: City Affairs Blog; Published: May 6, 2019

On March 28, the City Council Committee on Zoning and Housing chaired by Kymberly Pine heard a number of bills in an attempt to address Oahu’s affordable housing shortage. Bill 6 is a bill to encourage development of affordable walk-up rental properties for low wage earners and reduce proliferation of excessively large single-family homes.