STAND. COM. REP. NO. 801-06
Honolulu, Hawaii
, 2006
RE: H.B. No. 2239
H.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Third State Legislature
Regular Session of 2006
State of Hawaii
Sir:
Your Committee on Finance, to which was referred H.B. No. 2239, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO LAND ACQUISITION,"
begs leave to report as follows:
The purpose of this bill is to help preserve affordable housing in Hawaii by:
(1) Appropriating funds to acquire the Kukui Gardens property from Kukui Gardens Corporation;
(2) Requiring 100 percent of the property to be retained in perpetuity as affordable housing for households with incomes at or below 120 percent of the median family income; and
(3) Requiring the State to exercise its power of eminent domain if an agreement to acquire the property is not reached by June 30, 2007.
EAH, Faith Action for Community Equity, and a concerned individual testified in support of this bill. The Housing and Community Development Corporation of Hawaii and Hawaii Association of Realtors supported the intent of this measure.
As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2239, H.D. 1, and recommends that it pass Third Reading.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ DWIGHT TAKAMINE, Chair |
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