STAND. COM. REP. NO. 1091
RE: S.B. No. 1286
Honorable Ronald D. Kouchi
President of the Senate
Thirty-Second State Legislature
Regular Session of 2023
State of Hawaii
Your Committees on Ways and Means and Judiciary, to which was referred S.B. No. 1286 entitled:
"A BILL FOR AN ACT RELATING TO THE HAWAII COMMUNITY DEVELOPMENT AUTHORITY,"
beg leave to report as follows:
The purpose and intent of this measure is to facilitate the development of affordable housing.
Specifically, this measure authorizes the Hawaii Community Development Authority to lease certain real property for a term of ninety-nine years.
Your Committees received written comments in support of this measure from the Department of Business, Economic Development, and Tourism; Hawaii Community Development Authority; Stanford Carr Development, LLC; and one individual.
Your Committees received written comments on this measure from the Office of Hawaiian Affairs.
Your Committees find that although the development of leasehold housing units is a viable strategy to meet housing demand, the lease terms must be long enough to attract buyers and lenders. Your Committees further find that a term of ninety‑nine years is an adequate length to attract lenders and buyers.
Your Committees have amended this measure by:
(1) Providing that, in addition to lands that were classed as crown lands prior to August 15, 1895, the lease of lands that were classed as government lands prior to August 15, 1895, shall also have a term not to exceed sixty‑five years;
(2) Changing the effective date to July 1, 2050, to facilitate further discussion on the measure; and
(3) Making technical nonsubstantive amendments for purposes of clarity, consistency, and style.
As affirmed by the records of votes of the members of your Committees on Ways and Means and Judiciary that are attached to this report, your Committees are in accord with the intent and purpose of S.B. No. 1286, as amended herein, and recommend that it pass Third Reading in the form attached hereto as S.B. No. 1286, S.D. 1.
Respectfully submitted on behalf of the members of the Committees on Ways and Means and Judiciary,
KARL RHOADS, Chair
DONOVAN M. DELA CRUZ, Chair