STAND. COM. REP. NO.  215

 

Honolulu, Hawaii

                , 2013

 

RE:   H.B. No. 795

 

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2013

State of Hawaii

 

Sir:

 

     Your Committee on Housing, to which was referred H.B. No. 795 entitled:

 

"A BILL FOR AN ACT RELATING TO THE HOUSING LOAN AND MORTGAGE PROGRAM,"

 

begs leave to report as follows:

 

     The purpose of this bill is to update the Hula Mae Single Family mortgage loan program by:

 

     (1)  Eliminating certain eligibility criteria to allow more families to participate;

 

     (2)  Including down payment assistance as a new feature of the program; and

 

     (3)  Deleting provisions that relate to inactive programs.

 

     The Department of Business, Economic Development, and Tourism, Hawaii Housing Finance and Development Corporation, and the Hawaii Association of REALTORS testified in support of this bill.  One individual opposed this bill.

 

     As affirmed by the record of votes of the members of your Committee on Housing that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 795 and recommends that it pass Second Reading and be referred to the Committee on Consumer Protection & Commerce.

 

 

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

 

 

 

 

____________________________

RIDA T.R. CABANILLA, Chair