STAND. COM. REP. NO.  898

Honolulu, Hawaii

                , 2007

RE:   H.B. No. 906

      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. 906 entitled:

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

begs leave to report as follows:

     The purpose of this bill is to encourage the development and preservation of affordable housing by establishing an Affordable Housing Inventory Advisory Commission within the Hawaii Housing Finance and Development Corporation (HHFDC) to provide annual reports to the Legislature and to make recommendations to State or county agencies.

     The Office of Hawaiian Affairs testified in support of this bill.  HHFDC opposed this measure.

     Your Committee has amended this bill by 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. 906, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 906, H.D. 1.

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

____________________________

MARCUS R. OSHIRO, Chair