STAND. COM. REP. NO. 3162

Honolulu, Hawaii

RE: H.B. No. 2964

H.D. 1

S.D. 1

 

 

Honorable Robert Bunda

President of the Senate

Twenty-Third State Legislature

Regular Session of 2006

State of Hawaii

Sir:

Your Committees on Commerce, Consumer Protection, and Housing and Water, Land, and Agriculture, to which was referred H.B. No. 2964, H.D. 1, entitled:

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

beg leave to report as follows:

The purpose of this measure is to authorize special leases of land to qualified nonprofit organizations providing affordable housing.

Testimony in support of the measure was submitted by the Housing and Community Development Corporation of Hawaii (with amendment).

Your Committees find that private nonprofit organizations are an important part of the solution to the affordable housing crisis, and will make beneficial use of land leased for ninety-nine years at a rent of $1 per year to provide housing affordable to households at or below one hundred forty percent of the median family income.

Your Committees have amended this measure to:

(1) Insert a reference to the general powers of the Hawaii Housing Finance and Development Corporation (HHFDA); and

(2) Delete the limitation that qualified nonprofit organizations be operated in accordance with rules of the HHFDA.

As affirmed by the records of votes of the members of your Committees on Commerce, Consumer Protection, and Housing and Water, Land, and Agriculture that are attached to this report, your Committees are in accord with the intent and purpose of H.B. No. 2964, H.D. 1, as amended herein, and recommend that it pass Second Reading in the form attached hereto as H.B. No. 2964, H.D. 1, S.D. 1, and be referred to the Committee on Ways and Means.

Respectfully submitted on behalf of the members of the Committees on Commerce, Consumer Protection, and Housing and Water, Land, and Agriculture,

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RUSSELL S. KOKUBUN, Chair

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RON MENOR, Chair