STAND. COM. REP. NO. 2380

 

Honolulu, Hawaii

                  

 

RE:    S.B. No. 2566

       S.D. 1

 

 

 

Honorable Ronald D. Kouchi

President of the Senate

Twenty-Eighth State Legislature

Regular Session of 2016

State of Hawaii

 

Sir:

 

     Your Committee on Housing, to which was referred S.B. No. 2566 entitled:

 

"A BILL FOR AN ACT RELATING TO HOUSING,"

 

begs leave to report as follows:

 

     The purpose and intent of this measure is to transfer excess monies from the dwelling unit revolving fund and rental assistance revolving fund to the rental housing revolving fund.

 

     Your Committee received comments on this measure from the Coordinator on Homelessness under the Office of the Governor.  Your Committee received testimony in opposition to this measure from the Hawaii Housing Finance and Development Corporation.

 

     Your Committee finds that more affordable rental housing is needed by the people of Hawaii.  Because the rental housing revolving fund is the main source of capital from the State for affordable rental housing projects, the rental housing revolving fund should be augmented to enable the development of more affordable rental housing projects.

 

     Your Committee further finds that the rental assistance revolving fund is not particularly robust and that excess amounts in that fund should be transferred to the rental housing revolving fund to continue to finance rental housing for lower income households.

 

     Your Committee has amended this measure by:

 

     (1)  Deleting findings related to the dwelling unit revolving fund;

 

     (2)  Deleting section 2, which would have transferred $20,000,000 from the dwelling unit revolving fund to the rental housing revolving fund; and

 

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

 

     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 S.B. No. 2566, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 2566, S.D. 1, and be referred to your Committee on Ways and Means.

 

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

 

 

 

________________________________

BREENE HARIMOTO, Chair