Our community supports more affordable homes, but this requires building infrastructure—roads, sewers, and utilities—which can make developments too costly. To address this, PRP supports Value Capture Financing, also known as TIF or Housing Infrastructure Growth Bonds, which allows public agencies to invest in infrastructure today by using future tax gains to pay for increment bonds. Such a tool can help reduce upfront costs for homebuilders—costs that would otherwise be passed on to Hawai‘i families. We advocate for policies that connect infrastructure investment to long-term community benefit: more housing, less financial burden, and a stronger Hawai‘i.
Constructing the needed infrastructure to support affordable housing is costly, and often the reason such projects can’t get done. To offset the high costs, PRP advocates for smart solutions that benefit our overall community, including Value Capture Financing.
Infrastructure costs make housing more expensive, on average 30% higher per unit.
Future tax gains pay for today’s infrastructure.
PRP supports policies that bring tools like Value Capture Financing to Hawai‘i's communities.
Lower housing costs, more local jobs, better-planned growth.
