STAND. COM. REP. NO.  64

 

Honolulu, Hawaii

                , 2015

 

RE:   H.B. No. 445

      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 Housing, to which was referred H.B. No. 445 entitled:

 

"A BILL FOR AN ACT RELATING TO TRANSIT-ORIENTED DEVELOPMENT,"

 

begs leave to report as follows:

 

     The purpose of this measure is to encourage affordable housing as a part of transit-oriented development by authorizing the Hawaii Housing Finance and Development Corporation to guarantee loans made to developers engaged in developing projects which include affordable housing and support transit ridership.

 

     The Office of Planning, Department of Planning and Permitting of the City and County of Honolulu, Honolulu Authority for Rapid Transportation, and Hawaii Primary Care Association supported the measure.  The Hawaii Housing Finance and Development Corporation and Department of Budget and Finance commented on the measure.

 

Your Committee has amended this measure by:

 

     (1)  Changing the effective date to July 1, 2050, to encourage further discussion; and

 

     (2)  Making technical, nonsubstantive amendments for the purposes of clarity, consistency, and style.

 


     Based on the testimony received, your Committee on Housing respectfully requests that the Committee on Finance look into and consider the cost of the transit-oriented development program.

 

     As affirmed by the record of votes of the members of your Committee on Housing that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 445, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 445, H.D. 1, and be referred to the Committee on Finance.

 

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

 

 

 

 

____________________________

MARK J. HASHEM, Chair