STAND. COM. REP. NO.  1614-14

Honolulu, Hawaii

                , 2014

RE:   S.B. No. 2442

      S.D. 1

      H.D. 1

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2014

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred S.B. No. 2442, S.D. 1, entitled:

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

begs leave to report as follows:

The purpose of this measure is to help meet the current and projected needs for affordable housing in Hawaii by appropriating monies to the Rental Housing Trust Fund for the construction of micro units, family units, and elder housing units to be leased to individuals and families meeting certain income requirements.  

The Department of Community Services of the City and County of Honolulu, Chamber of Commerce Hawaii, Building Industry Association of Hawaii, Partners in Care, League of Women Voters of Hawaii, PHOCUSED, Catholic Diocese Office for Social Ministry, Hawaii Primary Care Association, Hawaii Appleseed Center for Law and Economic Justice, Hawaii Association of REALTORS, Catholic Charities Hawaii, and the CHOW Project testified in support of this measure. The Hawaii Housing Finance and Development Corporation provided comments on this measure.

     Your Committee has amended this measure by making:

     (1)  The appropriation apply to an unspecified fiscal year; and

     (2)  Technical, nonsubstantive amendments for purposes of style, clarity, and consistency.

     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. 2442, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2442, S.D. 1, H.D. 1.

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

____________________________

SYLVIA LUKE, Chair