Honorable Robert Bunda

President of the Senate

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 1852, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this measure is to authorize the issuance of general obligation bonds for the renovation, repair, and construction of low-income housing.

This measure further requires the Housing and Community Development Corporation of Hawaii to repair and renovate vacant low-income housing units by December 31, 2008.

Your Committee finds that available and habitable low-income housing is in short supply and great demand. Your Committee believes that this measure will address this problem by repairing and renovating existing vacant low-income housing units and accelerating the construction of additional units.

Your Committee amended this measure by changing the expending agency of the appropriation in this measure from the Department of Human Services to the Housing and Community Development Corporation of Hawaii.

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1852, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1852, S.D. 2.