Reported 8 months ago
Maui's mayor is proposing to prohibit condo owners from renting to tourists, instead requiring long-term rentals for locals to address a housing shortage worsened by a deadly wildfire. This plan, aiming to boost residential housing stock, would impact about 7,000 condo units, with potential effects on tourism, job loss, and tax revenue. The debate centers on balancing the island's economic reliance on tourism with the urgent need for affordable housing for residents, amidst concerns about the bill's economic and legal implications.
Source: YAHOO