URGING THE HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION TO DEVELOP A PLAN TO PRODUCE SUFFICIENT HOUSING TO MEET THE STATE'S DEMAND.

HCR 90 is a non-binding concurrent resolution urging the Hawaii Housing Finance and Development Corporation (HHFDC) to create a plan addressing Hawaii's housing shortage. It highlights that current housing production (0.6% annual growth) lags behind the national average (1.3%) and fails to meet demand, particularly for middle- and higher-income households (e.g., 11,800+ ownership units needed at 120%+ area median income). The resolution requires HHFDC to develop this plan and submit it to the Legislature by October 20, 2025. It does not mandate new housing construction but seeks a strategic roadmap to align production with actual demand.