STAND. COM. REP. NO. 975

Honolulu, Hawaii

, 2023

RE: H.B. No. 1054

H.D. 2

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-Second State Legislature

Regular Session of 2023

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 1054, H.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO HOUSING,"

begs leave to report as follows:

The purpose of this measure is to support affordable housing by:

(1) Establishing the Rental Deposit Loan Program and Rental Deposit Loan Program Revolving Fund; and

(2) Appropriating funds for the Rental Deposit Loan Program and two positions to implement the program.

Your Committee received testimony in support of this measure from one member of the Kaua‘i County Council, one member of the Maui County Council, NAIOP Hawaii, AARP Hawai‘i, Hawai‘i Association of REALTORS, and one individual. Your Committee received comments on this measure from the Hawaii Housing Finance and Development Corporation and Stanford Carr Development.

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. 1054, H.D. 2, and recommends that it pass Third Reading.

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

____________________________

KYLE T. YAMASHITA, Chair