STAND. COM. REP. NO. 1615

Honolulu, Hawaii

, 2005

RE: H.B. No. 931

H.D. 2

S.D. 2

 

 

Honorable Robert Bunda

President of the Senate

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred H.B. No. 931, H.D. 2, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO AFFORDABLE HOUSING,"

begs leave to report as follows:

The purpose of this measure is to prohibit the condemnation of residential development tracts that qualify as sustainable affordable developments.

The measure also allows a housing development that meets certain guidelines for the provision of affordable housing to obtain an exemption from the leasehold conversion provisions of the State's Land Reform Act by qualifying as a sustainable affordable development.

Your Committee has amended this measure by:

(1) Adding a new section to section 2 of the measure to prohibit sustainable affordable developments established by the University of Hawaii as developments that qualify for the exemption from the State's leasehold conversion law unless specifically authorized by law;

(2) Clarifying that, when calculating a lessee's compensation for on-site improvements, the formula shall include all buildings and improvements;

(3) Clarifying the resale of lease formula contained in the definition of "sustainable affordable lease" and expanding the lessor's ability to share in the appreciation of the leased property under that definition;

(4) Changing the effective date to July 1, 2050, to facilitate further discussion; and

(5) Making other amendments for the purposes of clarity and style.

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 931, H.D. 2, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 931, H.D. 2, S.D. 2.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

____________________________

BRIAN T. TANIGUCHI, Chair