STAND. COM. REP. NO. 1505
RE: S.B. No. 1286
Honorable Scott K. Saiki
Speaker, House of Representatives
Thirty-Second State Legislature
Regular Session of 2023
State of Hawaii
Your Committee on Judiciary & Hawaiian Affairs, to which was referred S.B. No. 1286, S.D. 1, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO THE HAWAII COMMUNITY DEVELOPMENT AUTHORITY,"
begs leave to report as follows:
The purpose of this measure is to provide additional means to increase the supply of housing in Hawaii by allowing the Hawaii Community Development Authority to conduct a pilot program to lease real property on one parcel in the Kakaako Community Development District for a term of ninety-nine years.
Your Committee received testimony in support of this measure from the Department of Business, Economic Development, and Tourism; and Hawai‘i Community Development Authority. Your Committee received comments on this measure from the Office of Hawaiian Affairs.
Your Committee finds that leasehold housing units are generally more affordable than fee simple housing units. This measure is intended to make home ownership more attainable for Hawaii's residents who may be unable to afford fee simple housing.
(1) Clarifying that the pilot program is for the leasing of all or any portion of the real property constituting only one redevelopment project for one project in the Kakaako Community Development District;
(2) Clarifying that sales under the pilot program are related to the sale of the leasehold interest; and
(3) Making technical, nonsubstantive amendments for the purposes of clarity, consistency, and style.
As affirmed by the record of votes of the members of your Committee on Judiciary & Hawaiian Affairs that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1286, S.D. 1, H.D. 1, as amended herein, and recommends that it be referred to your Committee on Finance in the form attached hereto as S.B. No. 1286, S.D. 1, H.D. 2.
Respectfully submitted on behalf of the members of the Committee on Judiciary & Hawaiian Affairs,
DAVID A. TARNAS, Chair