STAND. COM. REP. NO. 317-22

Honolulu, Hawaii

, 2022

RE: H.B. No. 2239

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-First State Legislature

Regular Session of 2022

State of Hawaii

Sir:

Your Committee on Housing, to which was referred H.B. No. 2239 entitled:

"A BILL FOR AN ACT RELATING TO CONDOMINIUMS,"

begs leave to report as follows:

The purpose of this measure is to increase, from fifty percent to ninety percent, the minimum number of residential units in a condominium project that must be offered for sale to prospective owner-occupants in the thirty-day period following the initial date of sale of the condominium.

Your Committee received testimony in opposition to this measure from the NAIOP Hawaii.

Your Committee finds that increasing the minimum number of residential units in a condominium project that must be offered for sale to prospective owner-occupants in a certain time period following the initial date of sale of the condominium may help alleviate supply shortages in Hawaii's housing market.

Your Committee has amended this measure by changing the effective date to July 1, 2050, to encourage further discussion.

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. 2239, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2239, H.D. 1, and be referred to your Committee on Consumer Protection & Commerce.

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

____________________________

NADINE K. NAKAMURA, Chair