STAND. COM. REP. NO. 874-24

Honolulu, Hawaii

, 2024

RE: H.B. No. 1763

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-Second State Legislature

Regular Session of 2024

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 1763, 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:

(1) Require the allocation of Low-Income Housing Tax Credits to be issued pursuant to a priority system;

(2) Amend the priority for which funds in the Rental Housing Revolving Fund are to be used; and

(3) Require the Hawaii Housing Finance and Development Corporation to add new criteria and point allocations to the Qualified Allocation Plan.

Your Committee received testimony in support of this measure from the Department of Hawaiian Home Lands; Hawaii Public Housing Authority; AARP Hawaiʻi; and one individual. Your Committee received comments on this measure from the Hawaii Housing Finance and Development Corporation and Catholic Charities Hawaiʻi.

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. 1763, 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