STAND.
COM. REP. NO. 250-22
Honolulu, Hawaii
, 2022
RE: H.B. No. 2020
H.D. 1
Honorable Scott K. Saiki
Speaker, House of Representatives
Thirty-First State Legislature
Regular Session of 2022
State of Hawaii
Sir:
Your Committee on Housing, to which was referred H.B. No. 2020 entitled:
"A BILL FOR AN ACT RELATING TO HOUSING,"
begs leave to report as follows:
The purpose of this measure is to facilitate greater homeownership opportunities for Hawaii residents by appropriating general funds into the Affordable Homeownership Revolving Fund.
Your Committee finds that Act 227,
Session Laws of Hawaii 2021, established the Affordable Homeownership Revolving
Fund to provide loans for the development of affordable for-sale housing
projects by nonprofit community development financial institutions and
nonprofit housing development organizations.
The appropriation of general funds into the Affordable Homeownership
Revolving Fund by this measure will facilitate homeownership and expand
self-help housing projects in the State.
Your Committee has amended this measure by:
(1) Changing the appropriation to an unspecified amount;
(2) Changing the effective date to July 1, 2050, to encourage further discussion; and
(3) Making a technical, nonsubstantive amendment for the purposes of clarity, consistency, and style.
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 H.B. No. 2020, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2020, H.D. 1, and be referred to your Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Housing,
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____________________________ NADINE K. NAKAMURA, Chair |
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