STAND. COM. REP. NO. 926-18

Honolulu, Hawaii

, 2018

RE: H.B. No. 2745

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2018

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 2745, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE RENTAL ASSISTANCE PROGRAM,"

begs leave to report as follows:

The purpose of this measure is to increase the number of low-income households with access to permanent affordable rental housing by increasing the percentage of units that a rental housing project must maintain for income-eligible tenants from twenty percent to thirty percent in order to remain eligible for rental subsidies and to appropriate an unspecified amount to be deposited into the Rental Assistance Revolving Fund.

The League of Women Voters of Hawaii and Oahu County Committee on Legislative Priorities of the Democratic Party of Hawai‘i testified in support of this measure. The Governor's Coordinator on Homelessness, Hawaii Housing Finance and Development Corporation, and Office of Hawaiian Affairs provided comments.

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. 2745, H.D. 1, and recommends that it pass Third Reading.

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

____________________________

SYLVIA LUKE, Chair