STAND. COM. REP. NO.  662

Honolulu, Hawaii

                , 2017

RE:   H.B. No. 1045

      H.D. 1

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2017

State of Hawaii

Sir:

     Your Committee on Housing, to which was referred H.B. No. 1045 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 assist residents in obtaining affordable rental housing by increasing the cap on the Hula Mae Multifamily Revenue Bond authorization from $1,000,000,000 to $1,500,000,000.

The Hawaii Housing Finance and Development Corporation; Department of Business, Economic Development, and Tourism; County of Hawaii Office of Housing and Community Development; and Hawaii Association of Realtors testified in support of this measure.

     Your Committee has amended this measure by changing its effective date to take effect upon a date to be determined.

     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. 1045, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1045, H.D. 1, and be referred to your Committee on Finance.

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

____________________________

TOM BROWER, Chair