STAND. COM. REP. NO. 757-24

Honolulu, Hawaii

, 2024

RE: H.B. No. 1808

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. 1808 entitled:

"A BILL FOR AN ACT RELATING TO HOUSING,"

begs leave to report as follows:

The purpose of this measure is to:

(1) Expand the counties' authorization to exercise the same powers as the Hawaii Housing Finance and Development Corporation for purposes of developing, constructing, financing, refinancing, or providing mixed-income projects and mixed-use developments; and

(2) Authorize units in low- and moderate-income housing projects to be made available to households with higher incomes if there is an insufficient number of persons or families who meet income qualifying requirements.

Your Committee received testimony in support of this measure from the Hawaii Housing Finance and Development Corporation; one member of the Maui County Council; City and County of Honolulu Office of Housing; City and County of Honolulu Department of Planning and Permitting; Chamber of Commerce Hawaii; and one individual. Your Committee received comments on this measure from the Grassroot Institute of Hawaii.

Your Committee finds that under existing law, the counties are authorized to exercise the same powers as the Hawaii Housing Finance and Development Corporation for developing, constructing, and providing low- and moderate-income housing; however, they are not authorized to use affordable housing bonds to develop mixed-use affordable housing projects. This measure seeks to provide the counties with the same authority as the Corporation with respect to mixed-use development.

Your Committee has amended this measure by changing the effective date to July 1, 3000, to encourage further discussion.

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. 1808, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1808, H.D. 1, and be placed on the calendar for Third Reading.

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

____________________________

KYLE T. YAMASHITA, Chair