STAND. COM. REP. NO. 1696

 

Honolulu, Hawaii

                  

 

RE:    H.B. No. 1095

       H.D. 1

 

 

 

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

 

Madam:

 

     Your Committee on Ways and Means, to which was referred H.B. No. 1095, 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 make certain amendments to the laws relating to county low and moderate income housing projects.

 

     Specifically, this measure:

 

     (1)  Provides a definition in section 46-15.1, Hawaii Revised Statutes (housing; county powers), for low and moderate income housing by incorporating the definition for low and moderate income housing projects contained in section 39A-281, Hawaii Revised Statutes (special purpose revenue bonds for low and moderate income housing);

 

     (2)  Allows the counties to extend loans to private nonprofit organizations and public instrumentalities for the development of low and moderate income housing projects;

 

     (3)  Replaces references to repealed chapter 201G, Hawaii Revised Statutes (Housing and Community Development Corporation of Hawaii), with chapter 201H, Hawaii Revised Statutes (Hawaii Housing Finance and Development Corporation); and

 

     (4)  Makes other technical nonsubstantive housekeeping changes for consistency.

 

     Your Committee received comments in support of this measure from the Hawaii Housing coalition.  Your Committee also received comments on this measure from UniDev Hawaii, LLC.

 

     Your Committee finds that this measure makes county low and moderate income housing projects more compatible with similar projects developed pursuant to chapter 201H, relating to the Hawaii Housing Finance and Development Corporation, and chapter 39A, relating to special purpose revenue bonds to assist in the development of low- and moderate-income housing, and improves the counties' ability to assist in the development of affordable housing.

 

     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. 1095, H.D. 1, and recommends that it pass Third Reading.

 

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

 

 

 

____________________________

ROSALYN H. BAKER, Chair