STAND. COM. REP. NO. 3078

Honolulu, Hawaii

RE: S.B. No. 2206

S.D. 2

Honorable Ronald D. Kouchi

President of the Senate

Thirtieth State Legislature

Regular Session of 2020

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 2206, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO HOMELESSNESS,"

begs leave to report as follows:

The purpose and intent of this measure is to authorize the issuance of $200,000,000 in general obligation bonds, the bond revenues of which are to be deposited into the rental housing revolving fund and appropriated to finance capital improvement projects that align with the purposes of the rental housing revolving fund.

Your Committee received written comments in support of this measure from the Governor's Coordinator on Homelessness, Hawaii Housing Finance and Development Corporation, Catholic Charities Hawaii, Partners in Care, IMUA Alliance, Faith Action for Community Equity, Democratic Party of Hawaii, and five individuals.

Your Committee finds that this measure provides steady, predictable, and long-term financing for the development of affordable rental housing in the State. Your Committee also notes that this measure aligns with the State's goal of developing at least 22,500 affordable rental housing units in the State by 2026, established in Act 127, Session Laws of Hawaii 2016.

Your Committee has amended this measure by:

(1) Changing the appropriations to unspecified amounts;

(2) Changing the effective date to July 1, 2050, to facilitate further discussion on the measure; and

(3) Making technical nonsubstantive amendments for purposes of clarity, consistency, and style.

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2206, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2206, S.D. 2.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

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DONOVAN M. DELA CRUZ, Chair