CONFERENCE COMMITTEE REP. NO. 44-18

 

Honolulu, Hawaii

                 , 2018

 

RE:    H.B. No. 2328

       H.D. 1

       S.D. 2

       C.D. 1

 

 

 

Honorable Scott K. Saiki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2018

State of Hawaii

 

Honorable Ronald D. Kouchi

President of the Senate

Twenty-Ninth State Legislature

Regular Session of 2018

State of Hawaii

 

Sirs:

 

     Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 2328, H.D. 1, S.D. 2, entitled:

 

"A BILL FOR AN ACT RELATING TO HOUSING,"

 

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

 

     The purpose of this measure is to make certain clarifying amendments to Hawaii's affordable housing law.  Specifically, the measure clarifies:

 

(1)   The terms and applicability of the Hawaii Housing Finance and Development Corporation's (HHFDC) authority to exercise or transfer to a qualified nonprofit housing trust the first option to purchase affordable housing units developed with HHFDC's financing or assistance; and

 

(2)   That Act 159, Session Laws of Hawaii 2017, does not affect rights, duties, and obligations that have matured through a signed contract or disclosure by way of a preliminary offering statement filed with the Real Estate Commission before the Act's effective date.

 

     Your Committee on Conference has amended this measure to make it effective upon approval. 

 

     As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of H.B. No. 2328, H.D. 1, S.D. 2, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 2328, H.D. 1, S.D. 2, C.D. 1.

 

Respectfully submitted on behalf of the managers:

 

ON THE PART OF THE SENATE

 

ON THE PART OF THE HOUSE

 

____________________________

WILL ESPERO

Chair

 

____________________________

TOM BROWER

Co-Chair

____________________________

MAILE S.L. SHIMABUKURO

Co-Chair

 

____________________________

NADINE K. NAKAMURA

Co-Chair