STAND. COM. REP. NO.  737-20

 

Honolulu, Hawaii

                , 2020

 

RE:   H.B. No. 2066

      H.D. 1

 

 

 

 

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirtieth State Legislature

Regular Session of 2020

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 2066, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO THE HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION,"

 

begs leave to report as follows:

 

     The purpose of this measure is to create a Downpayment Guarantee Program within the Hawaii Housing Finance and Development Corporation that authorizes the Hawaii Housing Finance and Development Corporation to guarantee the repayment of a downpayment loan made by a financial institution to an eligible borrower.

 

     Your Committee received testimony in support of this measure from one individual.  Your Committee received comments on this measure from the Hawaii Housing Finance and Development Corporation.

 

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2066, H.D. 1, and recommends that it pass Third Reading.

 

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

 

 

 

 

____________________________

SYLVIA LUKE, Chair