STAND. COM. REP. NO. 1589

Honolulu, Hawaii

RE: H.B. No. 951

H.D. 1

S.D. 1

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 H.B. No. 951, 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 alleviate the State's shortage of rental housing by promoting the development of affordable rental housing projects.

More specifically, the measure appropriates funds from the rental housing revolving fund to the Hawaii Housing Finance and Development Corporation to provide loans or grants for rental housing projects; provided that up to an unspecified amount of the appropriation may be used for mixed-income rental projects.

Your Committee received written comments in support of this measure from the Hawaii Housing Finance and Development Corporation, Catholic Charities Hawaii, Partners In Care, Housing Hawaii's Future, Hawaii REALTORS, Highridge Costa Development Company, EAH Housing, and HOPE Services Hawaii.

Your Committee finds that the funding provided by this measure will address the ongoing need to provide lower-income individuals and families in the State with relief from rising rental housing costs.

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

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

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DONOVAN M. DELA CRUZ, Chair