{"id":212970,"date":"2025-03-31T08:09:31","date_gmt":"2025-03-31T18:09:31","guid":{"rendered":"https:\/\/www.hawaii.edu\/news\/?p=212970"},"modified":"2025-04-03T13:09:14","modified_gmt":"2025-04-03T23:09:14","slug":"maui-tvr-phaseout","status":"publish","type":"post","link":"https:\/\/www.hawaii.edu\/news\/2025\/03\/31\/maui-tvr-phaseout\/","title":{"rendered":"Maui transient vacation rental phaseout\u2014more housing, fewer jobs"},"content":{"rendered":"Reading time: <\/span> 2<\/span> minutes<\/span><\/span>

\"land<\/p>\n

A new report from the University of Â鶹´«Ã½<\/span> Economic Research Organization<\/a> (UHERO<\/abbr>), commissioned by the Â鶹´«Ã½<\/span> Community Foundation, examines the economic implications of a proposal to phase out transient vacation rentals (TVRs<\/abbr>) in Maui County\u2019s Apartment zoning districts. The proposal, which would eliminate long-standing exceptions for pre-1989 properties known as the “Minatoya List,” aims to address Maui\u2019s worsening housing crisis by converting short-term rentals into long-term housing.<\/p>\n

The report estimates that phasing out these units could increase Maui\u2019s long-term housing stock by up to 6,127 units, which is equivalent to 10 years of new construction at the current rate. However, the policy could also reduce visitor spending by nearly $900 million annually, resulting in job and income losses, declining property values and an estimated $60 million drop in county property tax revenues by 2029.<\/p>\n