STAND. COM. REP. NO. 354
Honolulu, Hawaii
RE: S.B. No. 741
S.D. 1
Honorable Donna Mercado Kim
President of the Senate
Twenty-Eighth State Legislature
Regular Session of 2015
State of Hawaii
Madam:
Your Committees on Human Services and Housing and Water and Land, to which was referred S.B. No. 741 entitled:
"A BILL FOR AN ACT RELATING TO HOUSING,"
beg leave to report as follows:
The purpose and intent of this measure is to require the Hawaii Housing Finance and Development Corporation to establish a community land trust for the purpose of selling homes to low- and moderate-income homebuyers.
Your Committees received testimony in support of this measure from the Hawaii Housing Finance and Development Corporation.
Your Committees find that the Office of Housing and Community Development in Hawaii County has previously committed to developing its Waikaloa workforce housing project under a community land trust model by selecting a developer and creating a non-profit entity to serve as the community land trust. Under this model, the project is providing fee simple homeownership at prices that are substantially lower than those originally proposed under a community land trust.
Your Committees have amended this measure by specifying that the Hawaii Housing Finance and Development Corporation is authorized, not required, to establish a community land trust.
As affirmed by the records of votes of the members of your Committees on Human Services and Housing and Water and Land that are attached to this report, your Committees are in accord with the intent and purpose of S.B. No. 741, as amended herein, and recommend that it pass Second Reading in the form attached hereto as S.B. No. 741, S.D. 1, and be referred to the Committee on Ways and Means.
Respectfully submitted on behalf of the members of the Committees on Human Services and Housing and Water and Land,
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____________________________ LAURA H. THIELEN, Chair |
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____________________________ SUZANNE CHUN OAKLAND, Chair |
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