STAND. COM. REP. NO. 3860

Honolulu, Hawaii

RE: H.B. No. 2020

H.D. 1

S.D. 2

Honorable Ronald D. Kouchi

President of the Senate

Thirty-First State Legislature

Regular Session of 2022

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred H.B. No. 2020, H.D. 1, 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 funding for affordable homeownership housing projects.

More specifically, this measure:

(1) Requires that moneys appropriated pursuant to Act 227, Session Laws of Hawaii 2021, lapse on June 30, 2024; and

(2) Appropriates moneys into and out of the affordable homeownership revolving fund.

Your Committee received written comments in support of this measure from the Hawaii Housing Finance and Development Corporation; Habitat for Humanity Maui, Inc.; Hawaii Appleseed Center for Law and Economic Justice; Hawaii Habitat for Humanity; and three individuals.

Your Committee received written comments on this measure from the Department of Budget and Finance.

Your Committee finds that this measure will help to expand access to affordable homeownership opportunities for numerous residents of the State.

Your Committee has amended this measure by:

(1) Deleting the appropriations into and out of the affordable homeownership revolving fund;

(2) Changing the effective date to upon approval; and

(3) Making technical nonsubstantive changes for purposes of clarity, consistency, and style.

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. 2020, 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. 2020, H.D. 1, S.D. 2.

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

________________________________

DONOVAN M. DELA CRUZ, Chair