STAND. COM. REP. NO.  544

Honolulu, Hawaii

                , 2009

RE:   H.B. No. 1045

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

Sir:

     Your Committee on Housing, to which was referred H.B. No. 1045 entitled:

"A BILL FOR AN ACT RELATING TO THE HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION,"

begs leave to report as follows:

     The purpose of this bill is to make housekeeping amendments to Chapter 201H, Hawaii Revised Statutes, to:

(1)  Clarify the authority of the Hawaii Housing Finance and Development Corporation (HHFDC) to modify and amend development agreements for housing projects between HHFDC'S predecessor, the Housing Finance and Development Corporation, and eligible developers;

(2)  Authorize HHFDC to impose fees to recoup program administrative expenses for loans, grants, services, and real estate documents; and

(3)  Delete inadvertent references to "public" housing projects in the context of the HHFDC's cooperative agreements with other governmental agencies.

     HHFDC and a concerned individual testified in support of this bill.

     As affirmed by the record of votes of the members of your Committee on Housing that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1045 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 Housing,

____________________________

RIDA CABANILLA, Chair