STAND. COM. REP. NO. 263
RE: H.B. No. 907
Honorable Scott K. Saiki
Speaker, House of Representatives
Thirty-First State Legislature
Regular Session of 2021
State of Hawaii
Your Committee on Housing, to which was referred H.B. No. 907 entitled:
"A BILL FOR AN ACT RELATING TO HOUSING,"
begs leave to report as follows:
Your Committee notes that this measure repeals two inactive and obsolete programs of the Hawaii Housing Finance and Development Corporation. The Downpayment Loan Assistance Program and Homebuyers' Club Program are neither cost effective or necessary since there are similar types of programs currently being operated by non-profit entities and financial institutions.
Your Committee has amended this measure by changing the effective date to July 1, 2050, to encourage further discussion.
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. 907, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 907, H.D. 1, and be referred to your Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Housing,
NADINE K. NAKAMURA, Chair