STAND. COM. REP. NO. 1540

Honolulu, Hawaii

RE: H.B. No. 606

H.D. 1

S.D. 2

Honorable Ronald D. Kouchi

President of the Senate

Thirty-First State Legislature

Regular Session of 2021

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred H.B. No. 606, H.D. 1, S.D. 1, entitled:

"A BILL FOR AN ACT AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS FOR AFFORDABLE HOUSING,"

begs leave to report as follows:

The purpose and intent of this measure is to authorize the issuance of general obligation bonds, the proceeds of which are to be deposited into the dwelling unit revolving fund and rental housing revolving fund.

Your Committee received written comments in support of this measure from the Hawaii Housing Finance and Development Corporation, AARP Hawaii, Hawaiian Humane Society, Catholic Charities Hawaii, Partners in Care, Neighborhood Place of Puna, and two individuals.

Your Committee finds that the funds provided by this measure will support the construction of affordable rental housing, help reduce homelessness, and help address the State's affordable housing crisis.

Your Committee has amended this measure by changing the amounts of the general obligation bonds authorized to unspecified sums to facilitate further discussion on this measure.

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 H.B. No. 606, H.D. 1, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 606, H.D. 1, S.D. 2.

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

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DONOVAN M. DELA CRUZ, Chair