STAND. COM. REP. NO. 2747

Honolulu, Hawaii

RE:    H.B. No. 2845

       H.D. 1

       S.D. 1

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

Madam:

     Your Committees on Water, Land, Agriculture, and Hawaiian Affairs and Education and Housing, to which was referred H.B. No. 2845, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO LANDS CONTROLLED BY THE STATE,"

beg leave to report as follows:

     The purpose of this measure is to exempt the fee simple sale of individual dwellings on non-ceded, public lands that are repurchased or foreclosed on by the Hawaii Housing Finance and Development Corporation from the legislative approval requirements. 

     Testimony in support of the measure was submitted by one state agency.  One individual submitted testimony in opposition.  Written testimony presented to the Committees may be reviewed on the Legislature's website.

     The Hawaii Housing Finance and Development Corporation (Corporation) holds individual single-family homes and condominium units that were previously sold to qualified residents but reacquired by the Corporation at foreclosure or through the exercise of buyback rights.  The Corporation would like to resell these properties immediately to other qualified residents with the same shared appreciation and buyback restrictions.  To comply with legislative approval and other requirements of section 171-64.7, Hawaii Revised Statutes, the Corporation must spend approximately $754 to $924 and forty hours of staff time per home or unit.  Your Committees find that this measure can reduce the amount of time and money required to resell these properties and support the mission of the Corporation to provide affordable housing.

     Your Committees have amended this measure by changing the effective date to July 1, 2050 to facilitate further discussion.

     As affirmed by the records of votes of the members of your Committees on Water, Land, Agriculture, and Hawaiian Affairs and Education and Housing that are attached to this report, your Committees are in accord with the intent and purpose of H.B. No. 2845, H.D. 1, as amended herein, and recommend that it pass Second Reading in the form attached hereto as H.B. No. 2845, H.D. 1, S.D. 1, and be placed on the calendar for Third Reading.

Respectfully submitted on behalf of the members of the Committees on Water, Land, Agriculture, and Hawaiian Affairs and Education and Housing,

____________________________ NORMAN SAKAMOTO, Chair

____________________________ CLAYTON HEE, Chair