STAND. COM. REP. NO.  1225

Honolulu, Hawaii

                , 2011

RE:   H.C.R. No. 70

      H.D. 1

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

Sir:

     Your Committee on Housing, to which was referred H.C.R. No. 70 entitled:

"HOUSE CONCURRENT RESOLUTION REQUESTING THE HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION TO CONVENE A TASK FORCE TO STUDY THE ESTABLISHMENT OF A STATEWIDE COMMUNITY LAND TRUST TO PROMOTE HOMEOWNERSHIP OPPORTUNITIES IN HAWAII,"

begs leave to report as follows:

     The purpose of this concurrent resolution is to request the Hawaii Housing Finance and Development Corporation (HHFDC) to convene a statewide community land trust task force to study the establishment of a statewide community land trust to promote homeownership opportunities in Hawaii.

     Hawai‘i Association of REALTORS®, Na Hale O Maui, and several concerned individuals testified in support of this measure.  HHFDC testified in support of the intent of this measure. 

     Your Committee has amended this concurrent resolution by:

(1)  Including a representative from the Hawai‘i Association of REALTORS® on the statewide community land trust task force; and

(2)  Making technical, nonsubstantive amendments for clarity, consistency, and style.

     As affirmed by the record of votes of the members of your Committee on Housing that is attached to this report, your Committee concurs with the intent and purpose of H.C.R. No. 70, as amended herein, and recommends that it be referred to the Committee on Finance in the form attached hereto as H.C.R. No. 70, H.D. 1.

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

____________________________

RIDA T.R. CABANILLA, Chair