STAND. COM. REP. NO. 1451-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: S.B. No. 2598
                                     S.D. 2
                                     H.D. 1




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 2000
State of Hawaii

Sir:

     Your Committee on Finance, to which was referred S.B. No.
2598, S.D. 2, H.D. 1, entitled: 

     "A BILL FOR AN ACT RELATING TO HOUSING,"

begs leave to report as follows:

     The purpose of this bill is to support the development and
availability of rental housing for persons with low and very low
incomes, and special housing needs, by authorizing the issuance
of general obligation bonds for fiscal year 2000-2001, and
appropriating the corresponding funds into the Rental Housing
Trust Fund.

     Testimony in support of this bill was received from the
Governor's Office, Hawaii Investors for Affordable Housing, Inc.,
Affordable Housing and Homeless Alliance, Welfare and Employment
Rights Coalition, Catholic Charities, Honolulu Community Action
Program, Inc., American Association of Retired Persons, and
Salvation Army Family Services Office.  The Housing and Community
Development Corporation of Hawaii supported the intent of the
measure.

     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 S.B. No.
2598, S.D. 2, H.D. 1, and recommends that it pass Third Reading.


 
 
 
                                 STAND. COM. REP. NO. 1451-00
                                 Page 2

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair