WHEREAS, affordable housing is critical to the recruitment and retention of UHM faculty; and
WHEREAS, the University's existing faculty housing developments--Wa'ahila, Kau'iokahaloa Nui, and Kau'iokahaloa Iki--have successfully provided transitional housing to faculty members, thereby enhancing recruitment and retention efforts and generally bolstering faculty morale; and
WHEREAS, increased hiring of faculty and staff has consequently increased demand for this housing; and
WHEREAS, 'Oahu's median home prices and rents continue to soar, while faculty salaries lag compared to peer institutions, making it impossible for many current residents of faculty housing to relocate to long-term housing without leaving the University; and
WHEREAS, in recent years UH Mànoa has suspended faculty mortgage assistance programs, without making any alternatives available; and
WHEREAS, research universities in similarly high-priced real estate markets have developed a variety of programs to make both transitional and long-term housing available and affordable for faculty members; therefore be it
RESOLVED,
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