STAND. COM. REP. NO.  788-08

Honolulu, Hawaii

                , 2008

RE:   H.B. No. 2512

      H.D. 2

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2008

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 2512, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO HOUSING,"

begs leave to report as follows:

     The purpose of this bill is to support the development of affordable housing by appropriating funds for the Hawaii Housing Finance and Development Corporation (HHFDC) to assist developers in contracting for third party review and certification to expedite the permitting and review process for affordable housing projects.

     The City and County of Honolulu Department of Planning and Permitting, General Contractors Association of Hawaii, Pacific Housing Assistance Corporation, EAH Housing, Hawaii Habitat for Humanity, and Land Use Research Foundation of Hawaii supported this bill.  HHFDC provided comments.

     Your Committee has amended this bill by:

     (1)  Removing the appropriation amount; and

     (2)  Changing the effective date to July 1, 2020, to encourage further discussion.

     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. 2512, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 2512, H.D. 2.

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

____________________________

MARCUS R. OSHIRO, Chair