STAND. COM. REP. NO. 894

 

Honolulu, Hawaii

                  

 

RE:    S.B. No. 1103

       S.D. 2

 

 

 

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 S.B. No. 1103, S.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO HOUSING,"

 

begs leave to report as follows:

 

     The purpose of this measure is to appropriate funds to allow Kukui Gardens, a privately owned affordable rental housing development, to remain an affordable housing development.

 

     Specifically, the measure appropriates an unspecified sum to provide gap financing to be used as a subsidy toward the purchase of Kukui Gardens by a private entity interested in maintaining the development as an affordable housing development.

 

     Written comments in support of this measure was submitted by Faith Action for Community Equity (FACE) and the FACE Housing Committee.  The Hawaii Housing Finance and Development Corporation submitted written comments.

 

     Your Committee amended this measure to provide that the State shall own the land, ensure that the land be used in perpetuity for affordable housing, and allow the State to contract with a private nonprofit organization to operate the existing facility and develop additional affordable housing rentals on the site.

 

     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 S.B. No. 1103, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1103, S.D. 2.

 

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

 

 

 

____________________________

ROSALYN H. BAKER, Chair