STAND. COM. REP. NO. 1123

Honolulu, Hawaii

, 2023

RE: H.B. No. 951

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. 951 entitled:

"A BILL FOR AN ACT RELATING TO HOUSING,"

begs leave to report as follows:

The purpose of this measure is to appropriate funds into and out of the Rental Housing Revolving Fund to be used to provide grants or loans to mixed-income rental projects or units for qualifying individuals and families.

Your Committee received testimony in support of this measure from Catholic Charities Hawai‘i, Partners In Care, NAIOP Hawaii, Hawai‘i Association of REALTORS, Housing Hawai‘i's Future, and Highridge Costa Development Company. Your Committee received comments on this measure from the Hawaii Housing Finance and Development Corporation.

Your Committee has amended this measure by:

(1) Changing the appropriations to unspecified amounts;

(2) Changing the effective date to June 30, 3000, to encourage further discussion; and

(3) 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. 951, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 951, H.D. 1.

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

____________________________

KYLE T. YAMASHITA, Chair