Recently, Governor Josh Green signed SB2919 into law, a significant move that impacts how vacation rentals are regulated across the state.
What is SB2919?
SB2919 is a new law that gives individual counties in Hawaii the authority to regulate vacation rentals. This means each county can now create and enforce its own rules and regulations regarding short-term rentals. The goal is to give local governments more control to address the unique needs and challenges of their communities.
Impact on Hawaii County
For us in Hawaii County, this law comes at a crucial time. Our county is proposing changes to the Transient Accommodation Rentals (TAR) law. With the new authority granted by SB2919, Hawaii County has the power to shape vacation rental regulations in a way that best suits our local context.
Why Does This Matter?
- Local Control: Hawaii County can now tailor regulations to better manage the balance between tourism and residential needs.
- Community Impact: Enhanced local control can help address issues like housing affordability, neighborhood character, and infrastructure demands.
- Economic Considerations: The new regulations could impact property owners, vacation rental operators, and the broader tourism economy.
- Approval Process: Existing Hosted rentals will need to register with the county and undergo an approval process, which may not guarantee favorable outcome.
Key Statistics and Numbers
- As of now, Hawaii County has about 4,000 registered short-term rentals.
- The new TAR proposal aims to reduce this number to better manage the housing market and ensure community sustainability.
- The average daily rate for vacation rentals in Hawaii County is approximately $200, contributing significantly to the local economy.
As we move forward, it’s essential for everyone involved—residents, property owners, and local businesses—to stay informed and engaged in the discussion about the proposed TAR law changes. Your voice and participation are crucial in shaping a fair and effective approach to vacation rentals in our community.
Stay tuned for more updates about us, and feel free to reach out if you have any questions or thoughts on this topic!
If you want to read full bill by the County please click this link https://www.hawaiicountytar.com