STAND. COM. REP. NO. 1098-04

Honolulu, Hawaii

, 2004

RE: H.C.R. No. 123

H.D. 1

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committee on Human Services and Housing, to which was referred H.C.R. No. 123 entitled:

"HOUSE CONCURRENT RESOLUTION REQUESTING THE HOUSING AND COMMUNITY DEVELOPMENT CORPORATION OF HAWAII TO PURCHASE THE CITY AND COUNTY OF HONOLULU'S TWELVE APARTMENT BUILDINGS,"

begs leave to report as follows:

The purpose of this concurrent resolution is to request the Housing and Community Development Corporation of Hawaii (HCDCH) to purchase the City and County of Honolulu's 12 apartment rental buildings.

The Policy Advisory Board for Elder Affairs testified in support of this measure. HCDCH provided comments.

Your Committee finds that HCDCH is not able to purchase the buildings outright because of insufficient resources, and the sale of the properties has not yet been approved. However, HCDCH testified that it has a number of financing tools available to assist private developers to purchase the rental properties.

Accordingly, your Committee has amended this concurrent resolution by:

(1) Amending its title to read: "REQUESTING THE HOUSING AND COMMUNITY DEVELOPMENT CORPORATION OF HAWAII TO MAKE FINANCING TOOLS AVAILABLE TO ASSIST PRIVATE DEVELOPERS IN PURCHASING RENTAL PROPERTIES";

(2) Removing the provisions relating to the purchase of the buildings by HCDCH;

(3) Requesting HCDCH to make financing tools available to assist private developers in purchasing the rental properties, giving first priority to nonprofit low-income housing developers; and

(4) Making technical, nonsubstantive amendments for clarity and style.

As affirmed by the record of votes of the members of your Committee on Human Services and Housing that is attached to this report, your Committee concurs with the intent and purpose of H.C.R. No. 123, as amended herein, and recommends its adoption in the form attached hereto as H.C.R. No. 123, H.D. 1.

Respectfully submitted on behalf of the members of the Committee on Human Services and Housing,

 

____________________________

MICHAEL PUAMAMO KAHIKINA, Chair