STAND. COM. REP. NO. 1634

Honolulu, Hawaii

RE: S.R. No. 49

Honorable Ronald D. Kouchi

President of the Senate

Thirty-Second State Legislature

Regular Session of 2023

State of Hawaii

Sir:

Your Committee on Housing, to which was referred S.R. No. 49 entitled:

"SENATE RESOLUTION URGING THE HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION TO PROMOTE SUPPORTIVE HOUSING IN THE STATE'S LOW-INCOME HOUSING TAX CREDIT PROGRAM,"

begs leave to report as follows:

The purpose and intent of this measure is to urge the Hawaii Housing Finance and Development Corporation to promote supportive housing in the State's Low-Income Housing Tax Credit Program.

Your Committee received comments on this measure from the Hawaii Housing Finance and Development Corporation.

Your Committee finds that the concept of supportive housing has been shown to decrease chronic homelessness, reduce burdens and costs on public systems, and decrease crime rates. Your Committee believes that public financing and other incentive should be made available for supportive housing projects, as the free market is not generating the essential inventory necessary for vulnerable, special-needs populations in the State. Accordingly, this measure would request the State's Qualified Allocation Plan be amended to incentivize and facilitate supportive housing development by allocating low-income housing tax credits to projects that serve tenants with special needs.

As affirmed by the record of votes of the members of your Committee on Housing that is attached to this report, your Committee concurs with the intent and purpose of S.R. No. 49 and recommends its adoption.

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

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STANLEY CHANG, Chair