STAND. COM. REP. NO.  158-14

Honolulu, Hawaii

                , 2014

RE:   H.B. No. 2251

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2014

State of Hawaii

Sir:

     Your Committee on Housing, to which was referred H.B. No. 2251 entitled:

"A BILL FOR AN ACT RELATING TO THE HOUSING LOAN AND MORTGAGE PROGRAM,"

begs leave to report as follows:

The purpose of this measure is to allow the Hawaii Housing Finance and Development Corporation to continue to assist in the development and preservation of affordable rental housing by increasing the Hula Mae Multifamily revenue bond authority from $750,000,000 to $1,000,000,000.

The Hawaii Housing Finance and Development Corporation, Department of Business, Economic Development and Tourism, and the Hawai‘i Association of Realtors supported 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. 2251 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,

____________________________

MARK J. HASHEM, Chair