STAND. COM. REP. NO. 1219

Honolulu, Hawaii

RE:    H.B. No. 1283

       H.D. 2

       S.D. 1

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

Madam:

     Your Committees on Water, Land, Agriculture, and Hawaiian Affairs and Commerce, Consumer Protection, and Affordable Housing, to which was referred H.B. No. 1283, H.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO THE HAWAII COMMUNITY DEVELOPMENT AUTHORITY,"

beg leave to report as follows:

     The purpose of this measure is to ensure the availability of affordable housing in the Kakaako area by:

     (1)  Allowing the Hawaii Community Development Authority (HCDA) to repurchase residential or redevelopment property at any time by deleting the ten year restriction; and

     (2)  Allowing the HCDA to sell the fee simple interest in reserved housing units within the Kakaako Community Development District.

     Testimony in support of this measure was submitted by the HCDA.

     Your Committees find that allowing the HCDA to repurchase property at any time will provide the HCDA an additional tool to develop long-term projects.  Your Committees further find that exempting the HCDA from the prohibitions under section 206E‑31.5, Hawaii Revised Statutes, with respect to the Kakaako Community Development District will allow the HCDA to continue to sell its reserved housing units and provide further opportunity to offer affordable housing units.

     Your Committees have amended this measure by adding an effective date of July 1, 2020, to encourage further discussion on this matter.

     As affirmed by the records of votes of the members of your Committees on Water, Land, Agriculture, and Hawaiian Affairs and Commerce, Consumer Protection, and Affordable Housing that are attached to this report, your Committees are in accord with the intent and purpose of H.B. No. 1283, H.D. 2, as amended herein, and recommend that it pass Second Reading in the form attached hereto as H.B. No. 1283, H.D. 2, S.D. 1, and be referred to the Committee on Ways and Means.

Respectfully submitted on behalf of the members of the Committees on Water, Land, Agriculture, and Hawaiian Affairs and Commerce, Consumer Protection, and Affordable Housing,

____________________________ BRIAN T. TANIGUCHI, Chair

____________________________ RUSSELL S. KOKUBUN, Chair