STAND. COM. REP. NO. 972-22

Honolulu, Hawaii

, 2022

RE: H.B. No. 2513

H.D. 2

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-First State Legislature

Regular Session of 2022

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 2513, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE RENTAL HOUSING REVOLVING FUND,"

begs leave to report as follows:

The purpose of this measure is to:

(1) Deposit funds into the Rental Housing Revolving Fund to be used to provide loans or grants to mixed-income rental projects or units for persons and families with incomes between sixty-one and one hundred percent of the median family income; and

(2) Enable the Hawaii Housing Finance and Development Corporation to utilize unused monies for other authorized rental housing projects.

Your Committee received testimony in support of this measure from the Hawaii Housing Finance and Development Corporation and AARP Hawai‘i. Your Committee received comments on this measure from the Department of the Attorney General, Department of Budget and Finance, Catholic Charities Hawai‘i, and Highridge Costa Development Company.

Your Committee has amended this measure by:

(1) Changing the appropriation to an unspecified amount; and

(2) 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 Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2513, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 2513, H.D. 2.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

SYLVIA LUKE, Chair