STAND. COM. REP. NO.  9

Honolulu, Hawaii

                , 2013

RE:   H.B. No. 521

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2013

State of Hawaii

Sir:

     Your Committee on Housing, to which was referred H.B. No. 521 entitled:

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

begs leave to report as follows:

The purpose of this measure is to finance affordable rental housing developments by authorizing the issuance of general obligation bonds in an unspecified amount and appropriating the amount into the Rental Housing Trust Fund.

Hawaii Housing Finance and Development Corporation, Hawaii Association of REALTORS, Catholic Charities of Hawaii, Hawaii Appleseed Center for Law and Economic Justice, and League of Women Voters of Hawaii testified in support of this measure.  The Department of Budget and Finance and several individuals provided comments on this measure.

     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. 521 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 T.R. CABANILLA, Chair