STAND. COM. REP. NO.  922-216

Honolulu, Hawaii

                , 2016

RE:   H.B. No. 2293

      H.D. 1

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Eighth State Legislature

Regular Session of 2016

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 2293 entitled:

"A BILL FOR AN ACT RELATING TO THE HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION,"

begs leave to report as follows:

The purpose of this measure is to enable the Hawaii Housing Finance and Development Corporation to partner with state and county departments and agencies to develop mixed-use developments to ensure that affordable housing will be in close proximity to jobs, shops, and other services.

The Hawaii Housing Finance and Development Corporation, Office of Planning, Department of Business, Economic Development and Tourism, Building Industry Association of Hawaii, Land Use Research Foundation of Hawaii, Hawai‘i Association of Realtors, and Chamber of Commerce Hawaii testified in support of this measure.

     Your Committee has amended this measure by:

     (1)  Changing its effective date to July 1, 2030, to facilitate further discussion; and

     (2)  Making technical, nonsubstantive amendments for clarity, consistency, and style.

     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 H.B. No. 2293, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 2293, H.D. 1.

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

____________________________

SYLVIA LUKE, Chair