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Oahu Housing Crunch Eased by ADU's

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Today, we want to talk to you about accessory dwelling units, or ADU's.

The Honolulu City Council approved a bill on September 2 that allows for ADU's. An estimated 20,000 Oahu homeowners will soon be able to create secondary housing units on their properties.

Mayor Caldwell is expected to sign the bill shortly. Proponents say this will address the housing rental crisis here on Oahu. This is part of the mayor's plan to create Ohana housing open to more than just family members.

Many of these ADU's will fall within an affordable range. The department of business economic development and tourism estimates that Honolulu's population will grow to more than 1 million people by 2030, which is an 11% increase. ADU's provide extra living space as our population grows.

This change in law should create a low-cost way to facilitate private sector development without costly government subsidies or investment. This bill represents one of the most significant pieces of housing legislation in years.

If you're interested in ADU properties, give us a call or send us an email. We look forward to hearing from you!