STAND. COM. REP. NO.  1571

Honolulu, Hawaii

                , 2011

RE:   S.B. No. 903

      S.D. 1

      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 Finance, to which was referred S.B. No. 903, S.D. 1, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO HOUSING,"

begs leave to report as follows:

     The purpose of this bill is to preserve United States Department of Housing and Urban Development and United States Department of Agriculture housing projects in the State as affordable rental housing projects in perpetuity by establishing the Affordable Rental Housing Development Program under the Hawaii Housing Finance and Development Corporation (HHFDC).

     Catholic Charities Hawaii and Partners In Care supported this bill.  HHFDC opposed this measure.  The Roman Catholic Diocese of Honolulu submitted comments.

     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 S.B. No. 903, S.D. 1, H.D. 1, and recommends that it pass Third Reading.

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

____________________________

MARCUS R. OSHIRO, Chair