STAND. COM. REP. NO. 1050

Honolulu, Hawaii

RE: S.B. No. 330

S.D. 2

Honorable Ronald D. Kouchi

President of the Senate

Thirty-Second State Legislature

Regular Session of 2023

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 330, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION,"

begs leave to report as follows:

The purpose and intent of this measure is to provide the Hawaii Housing Finance and Development Corporation with the right of first refusal for the development of certain state lands near rail transit stations.

Your Committee received written comments in support of this measure from the Hawaii Public Housing Authority and Hawaii Housing Finance and Development Corporation.

Your Committee received written comments on the measure from the Office of Hawaiian Affairs, Department of Budget and Finance, Department of Hawaiian Home Lands, Department of Land and Natural Resources, and University of Hawaii.

Your Committee finds that the lack of affordable housing in the State is driven, in part, by the limited availability of land. Your Committee further finds that this measure will help to make otherwise unavailable lands available for mixed-use projects that incorporate housing and the original proposed purpose.

Your Committee has amended this measure by:

(1) Changing the effective date to July 1, 2050, to facilitate further discussion on the measure; and

(2) Making technical nonsubstantive amendments for purposes of clarity and consistency.

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 S.B. No. 330, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 330, 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