STAND. COM. REP. NO.  901

Honolulu, Hawaii

                , 2007

RE:   H.B. No. 1076

      H.D. 1

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 1076 entitled:

"A BILL FOR AN ACT RELATING TO AFFORDABLE HOUSING,"

begs leave to report as follows:

     The purpose of this bill is to establish the Affordable Housing Inventory Protection Board to gather information on the supply of and demand for affordable housing in Hawaii to better understand Hawaii's affordable housing crisis.

     Two concerned individuals testified in support of this bill. The Hawaii Housing Finance and Development Corporation opposed this measure.

     Your Committee has amended this bill by:

     (1)  Changing its effective date to July 1, 2020, to                    facilitate further discussion; and

     (2)  Making technical, nonsubstantive amendments for clarity,      consistency, and style.

     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. 1076, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1076, H.D. 1.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

MARCUS R. OSHIRO, Chair