REPORT TITLE:
Housing Assistance


DESCRIPTION:
Appropriates funds to provide loans and grants to families for
rental deposits, emergency rental payments and mortgage payments
to avoid foreclosure. (HB1369 HD1)

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                        1369
HOUSE OF REPRESENTATIVES                H.B. NO.           H.D. 1
TWENTIETH LEGISLATURE, 1999                                
STATE OF HAWAII                                            
                                                             
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                   A  BILL  FOR  AN  ACT

RELATING TO THE HOUSING ASSISTANCE.



BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 1      SECTION 1.  The legislature finds that the housing and
 
 2 community development corporation of Hawaii is authorized to
 
 3 provide loans and grants to families for rental deposits,
 
 4 emergency rental payments, and mortgage payments to avoid
 
 5 foreclosure.  However, due to fiscal constraints over the past
 
 6 several years, the corporation has been unable to increase their
 
 7 budget to fulfill these services.
 
 8      The legislature finds that these loans and grants that are
 
 9 authorized by the corporation to provide to families are
 
10 necessary to prevent homelessness.
 
11      The purpose of this bill is to appropriate funds to provide
 
12 loans and grants to families to avoid foreclosures.
 
13      SECTION 2.  There is appropriated out of the general
 
14 revenues of the State of Hawaii the sum of $1 or so much thereof
 
15 as may be necessary for fiscal year 1999-2000 and the same sum or
 
16 so much thereof as may be necessary for fiscal year 2000-2001 for
 
17 the purpose of providing loans and grants to families for rental
 
18 deposits, emergency rental payments, and mortgage payments to
 
19 avoid foreclosure.
 

 
Page 2                                                     1369
                                     H.B. NO.           H.D. 1
                                                        
                                                        

 
 1      SECTION 3.  The sums appropriated shall be expended by the
 
 2 housing and community development corporation of Hawaii for the
 
 3 purposes of this Act.
 
 4      SECTION 4.  This Act shall take effect on July 1, 1999.