STAND. COM. REP. NO. 2635

 

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 Ways and Means, to which was referred S.B. No. 2566, S.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO HOUSING,"

 

begs leave to report as follows:

 

     The purpose and intent of this measure is to provide capital for the development of affordable rental housing by transferring excess moneys from the rental assistance revolving fund to the rental housing revolving fund.   

 

     Your Committee received written comments in support of this measure from the Governor's Coordinator on Homelessness and one individual.

 

     Your Committee received written comments on this measure from the Hawaii Housing Finance and Development Corporation.

 

     Your Committee recognizes that Hawaii needs more affordable rental housing.  Your Committee finds that the rental housing revolving fund should be provided with additional funds to facilitate the development of more affordable rental housing projects.  Additionally, your Committee finds that the rental assistance revolving fund has a balance in excess of the immediate needs of the fund and, therefore, its proceeds should be transferred to the rental housing revolving fund.

 

     As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2566, S.D. 1, and recommends that it pass Third Reading.

 

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

 

 

 

________________________________

JILL N. TOKUDA, Chair