STAND. COM. REP. NO. 988

 

Honolulu, Hawaii

                  

 

RE:    H.B. No. 277

       H.D. 1

 

 

 

Honorable Donna Mercado Kim

President of the Senate

Twenty-Eighth State Legislature

Regular Session of 2015

State of Hawaii

 

Madam:

 

     Your Committees on Human Services and Housing and Public Safety, Intergovernmental and Military Affairs, to which was referred H.B. No. 277, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO INFRASTRUCTURE,"

 

beg leave to report as follows:

 

     The purpose and intent of this measure is to authorize the Hawaii Housing Finance and Development Corporation, upon request by the counties, to issue revenue bonds to provide funding for infrastructure development in the county through community facilities districts.

 

     Your Committees received testimony in support of this measure from the Hawaii Housing Finance and Development Corporation, Chamber of Commerce Hawaii, and Land Use Research Foundation of Hawaii.

 

     Your Committees find that the lack of available land with infrastructure is a significant barrier to affordable housing development in Hawaii.  This measure provides a potential financing option that will support affordable housing development by authorizing counties to use their community facilities district authority to establish a repayment mechanism to fund needed infrastructure development.

 

     As affirmed by the records of votes of the members of your Committees on Human Services and Housing and Public Safety, Intergovernmental and Military Affairs that are attached to this report, your Committees are in accord with the intent and purpose of H.B. No. 277, H.D. 1, and recommend that it pass Second Reading and be referred to the Committee on Ways and Means.

 

Respectfully submitted on behalf of the members of the Committees on Human Services and Housing and Public Safety, Intergovernmental and Military Affairs,

 

________________________________

WILL ESPERO, Chair

 

________________________________

SUZANNE CHUN OAKLAND, Chair