STAND. COM. REP. NO. 2672

Honolulu, Hawaii

RE:    S.B. No. 2266

       S.D. 1

Honorable Donna Mercado Kim

President of the Senate

Twenty-Seventh State Legislature

Regular Session of 2014

State of Hawaii

Madam:

     Your Committee on Ways and Means, to which was referred S.B. No. 2266 entitled:

"A BILL FOR AN ACT RELATING TO HOUSING,"

begs leave to report as follows:

     The purpose and intent of this measure is to authorize the issuance of general obligation bonds and deposit the revenues generated therefrom into the rental housing trust fund and the dwelling unit revolving fund to develop affordable housing and related infrastructure and improvements.

     Your Committee received written comments in support of this measure from the Hawaii Housing Finance and Development Corporation; the Office of Housing and Community Development; Catholic Charities Hawaii; Hawaii Appleseed Center for Law and Economic Justice; Partners in Care; and one individual.  Your Committee received written comments on this measure from the Department of Budget and Finance.

     Your Committee finds that there is a shortage of affordable housing in Hawaii and that providing more affordable housing opportunities will bring stability to Hawaii's financially struggling families.

     Your Committee has amended this measure by:

     (1)  Changing the bond and appropriation amounts to unspecified sums;

     (2)  Changing the effective date to July 1, 2050, to facilitate further discussion; and

     (3)  Making technical nonsubstantive amendments for the purposes of style and clarity.

     As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2266, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2266, S.D. 1.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

____________________________

DAVID Y. IGE, Chair