STAND. COM. REP. NO. 2197

Honolulu, Hawaii

, 2006

RE: S.B. No. 2229

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 Education and Military Affairs and Commerce, Consumer Protection, and Housing, to which was referred S.B. No. 2229 entitled:

"A BILL FOR AN ACT RELATING TO TEACHERS' HOUSING,"

beg leave to report as follows:

The purpose of this measure is to authorize second mortgage loans to pay downpayment and closing costs associated with the purchase of residential property by teachers.

Your Committees received testimony in support of this measure from the Hawaii State Teachers Association and the Hawaii Association of Realtors. Comments in support of the intent of this measure were received from the Department of Human Services Housing and Community Development Corporation of Hawaii (HCDCH) and the Department of Education.

Your Committees find that this measure would be of particular benefit to teachers on the neighbor islands, and that a future partnership between the Department of Education and the federal Employer-Assisted Housing program should be explored to administer a downpayment loan program specifically for teachers.

Your Committees have amended this measure by removing amendments relating to the Teachers' Housing Revolving Fund and the HCDCH's downpayment loan program, as suggested by HCDCH, and by making technical, nonsubstantive amendments.

As affirmed by the records of votes of the members of your Committees on Education and Military Affairs and Commerce, Consumer Protection, and Housing that are attached to this report, your Committees are in accord with the intent and purpose of S.B. No. 2229, as amended herein, and recommend that it pass Second Reading in the form attached hereto as S.B. No. 2229, S.D. 1, and be referred to the Committee on Ways and Means.

Respectfully submitted on behalf of the members of the Committees on Education and Military Affairs and Commerce, Consumer Protection, and Housing,

____________________________

RON MENOR, Chair

____________________________

NORMAN SAKAMOTO, Chair