STAND. COM. REP. NO. 909

Honolulu, Hawaii

, 2023

RE: H.B. No. 1246

H.D. 1

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. 1246, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO HOUSING,"

begs leave to report as follows:

The purpose of this measure is to:

(1) Authorize the Hawaii Housing Finance and Development Corporation to issue bonds for infrastructure projects and finance the development of regional state infrastructure projects;

(2) Authorize the issuance of general obligation bonds with the funds to be deposited into the Dwelling Unit Revolving Fund; and

(3) Appropriate funds into and out of the Dwelling Unit Revolving Fund.

Your Committee received testimony in support of this measure from the Hawaii Housing Finance and Development Corporation, Hawai‘i Association of REALTORS, and Housing Hawai‘i's Future.

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. 1246, H.D. 1, and recommends that it pass Third Reading.

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

____________________________

KYLE T. YAMASHITA, Chair