Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Human Services and Housing, to which was referred H.B. No. 546 entitled:

begs leave to report as follows:

The purpose of this bill is to allow "owner-builders" to be eligible for the Downpayment Loan Program (Program).

The Housing and Community Development Corporation of Hawaii and the Self-Help Housing Corporation of Hawaii submitted testimony in support of this bill.

Your Committee finds that this bill will enable owner-builders to purchase their homes by using their contributed sweat equity to satisfy the program's minimum three per cent downpayment requirements.

As affirmed by the record of votes of the members of your Committee on Human Services and Housing that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 546 and recommends that it pass Second Reading and be referred to the Committee on Finance.