STAND. COM. REP. NO.  415-08

Honolulu, Hawaii

                , 2008

RE:   H.B. No. 2513

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2008

State of Hawaii

Sir:

     Your Committee on Human Services & Housing, to which was referred H.B. No. 2513 entitled:

"A BILL FOR AN ACT AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS AND MAKING AN APPROPRIATION TO THE DWELLING UNIT REVOLVING FUND,"

begs leave to report as follows:

     The purpose of this bill is to assist in the development of affordable housing in the state by authorizing the issuance of $30,000,000 in general obligation bonds into the Dwelling Unit Revolving Fund for housing development programs.

     The Hawaii Housing Finance and Development Corporation, Department of Community Services of the City and County of Honolulu, and Hawaii Habitat for Humanity testified in support of this bill.

     As affirmed by the record of votes of the members of your Committee on Human Services & Housing that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2513 and recommends that it pass Second Reading and be referred to the Committee on Finance.

Respectfully submitted on behalf of the members of the Committee on Human Services & Housing,

____________________________

MAILE SHIMABUKURO, Chair