STAND. COM. REP. NO. 1364

 

Honolulu, Hawaii

                  

 

RE:    S.C.R. No. 39

       S.D. 1

 

 

 

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

 

Madam:

 

     Your Committee on Ways and Means, to which was referred S.C.R. No. 39, S.D. 1, entitled:

 

"SENATE CONCURRENT RESOLUTION URGING THE GOVERNOR TO INCLUDE THE KUKUI GARDENS AFFORDABLE HOUSING PROJECT IN THE STATE'S LIST OF SHOVEL-READY PROJECTS FOR THE PRESIDENT'S PROPOSED ECONOMIC STIMULUS PLAN,"

 

begs leave to report as follows:

 

     The purpose of this measure is to urge the Governor to include Kukui Gardens in the State's list of projects submitted for inclusion in the President's proposed economic stimulus plan.

 

     Your Committee received three written comments on this measure.  The written comments may be reviewed on the Legislature's website.

 

     Your Committee finds that it is necessary to preserve the Kukui Gardens affordable housing project due to the State's diminishing supply of affordable housing.  Currently, the company that owns Kukui Gardens has plans to convert half of the affordable housing units into market-rate housing and to sell the other half to the nonprofit Ecumenical Association for Housing, an organization that intends to preserve its portion as affordable housing.  With the recent sluggish economy, however, investors, developers, and funding sources are hesitant to assist the Ecumenical Association for Housing.  Your Committee believes that the President's economic stimulus plan is the ideal source of funding to assist the Ecumenical Association for Housing to preserve Kukui Gardens as affordable housing.

 

     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 concurs with the intent and purpose of S.C.R. No. 39, S.D. 1, and recommends its adoption.

 

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

 

 

 

____________________________

DONNA MERCADO KIM, Chair