STAND. COM. REP. NO. 974

Honolulu, Hawaii

, 2023

RE: H.B. No. 678

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-Second State Legislature

Regular Session of 2023

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 678, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO HOUSING,"

begs leave to report as follows:

The purpose of this measure is to clarify a county's obligations with respect to housing developed through the housing development programs under the Hawaii Housing Finance and Development Corporation.

Your Committee received testimony in support of this measure from the American Savings Bank, Housing Hawai‘i's Future, NAIOP Hawaii, ‘Ikenākea Development LLC, NAIOP Hawaii Developing Leaders, and Highridge Costa Development Company. Your Committee received comments on this measure from the Hawaii Housing Finance and Development Corporation and one individual.

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. 678, H.D. 1, and recommends that it pass Third Reading.

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

____________________________

KYLE T. YAMASHITA, Chair