STAND. COM. REP. NO. 2473
Honolulu, Hawaii
S.D. 1
President of the Senate
Thirty-First State Legislature
State of Hawaii
Sir:
Your Committee on Housing, to which was referred S.B. No. 2667 entitled:
"A BILL FOR AN ACT RELATING TO AFFORDABLE HOUSING,"
begs leave to report as follows:
The purpose and intent of this measure is to indefinitely extend the deadline for the Hawaii Housing Finance and Development Corporation to renegotiate an existing lease, or issue a new lease for the Front Street Apartments affordable housing project before the corporation's requirement to initiate condemnation proceedings is triggered.
Your Committee received testimony in support of this measure from the Hawaii Housing Finance and Development Corporation and one member of the Maui County Council.
Your Committee finds that Maui County has a significant shortage of affordable homes. To mitigate that shortage, the Hawaii Housing Finance and Development Corporation has relied on the Front Street Apartments. However, the corporation must either renegotiate its ground lease or initiate condemnation proceedings by December 31, 2022. This measure would extend the 2022 deadline indefinitely to ensure that the Hawaii Housing Finance and Development Corporation is able to continue providing affordable housing to residents of Maui County. However, there is little information on the status of Front Street Apartments. Your Committee finds that the Hawaii Housing Finance and Development Corporation should provide updates on the status of the Front Street Apartments.
Your Committee has amended this measure by replacing the indefinite extension of the Hawaii Housing Finance and Development Corporation deadline with a five-year extension.
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 S.B. No. 2667, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 2667, S.D. 1, and be referred to your Committees on Judiciary and Ways and Means.
Respectfully submitted on behalf of the members of the Committee on Housing,
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________________________________ STANLEY CHANG, Chair |
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