STAND. COM. REP. NO. 3247

Honolulu, Hawaii

RE: H.B. No. 2239

H.D. 1

Honorable Ronald D. Kouchi

President of the Senate

Thirty-First State Legislature

Regular Session of 2022

State of Hawaii

Sir:

Your Committee on Housing, to which was referred H.B. No. 2239, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO CONDOMINIUMS,"

begs leave to report as follows:

The purpose and intent of this measure is to increase 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 from fifty percent to ninety percent.

Your Committee received testimony in support of this measure from two individuals. Your Committee received testimony in opposition to this measure from NAIOP Hawaii.

Your Committee finds that a key driver of Hawaii's housing shortage is the purchase of homes and condominiums by those who are not owner-occupants. Increasing the percentage of condominium units that must be offered to owner-occupants will increase the availability of housing for the State's residents. This measure increases the minimum percentage of units in condominium developments that must be offered to owner-occupants from fifty percent to ninety percent to promote greater housing availability in Hawaii.

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, H.D. 1, and recommends that it pass Second Reading and be referred to your Committee on Commerce and Consumer Protection.

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

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STANLEY CHANG, Chair