STAND. COM. REP. NO.  1091

 

Honolulu, Hawaii

                , 2015

 

RE:   S.B. No. 974

      S.D. 1

      H.D. 1

 

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Eighth State Legislature

Regular Session of 2015

State of Hawaii

 

Sir:

 

     Your Committee on Water & Land, to which was referred S.B. No. 974, S.D. 1, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO THE RENTAL HOUSING TRUST FUND,"

 

begs leave to report as follows:

 

     The purpose of this measure is to support the development of mixed-use residential development by authorizing the use of the Rental Housing Trust Fund (RHTF) for spaces for public use within mixed-use residential developments, provided that the rental housing component is the primary use within the development.

 

     The Hawaii Housing Finance and Development Corporation and Land Use Research Foundation of Hawaii provided testimony in support of the measure.

 

     As affirmed by the record of votes of the members of your Committee on Water & Land that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 974, S.D. 1, H.D. 1, and recommends that it be referred to the Committee on Finance.

 

Respectfully submitted on behalf of the members of the Committee on Water & Land,

 

 

 

 

____________________________

RYAN I. YAMANE, Chair