STAND. COM. REP. NO. 1418-24

Honolulu, Hawaii

, 2024

RE: H.R. No. 112

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-Second State Legislature

Regular Session of 2024

State of Hawaii

Sir:

Your Committee on Housing, to which was referred H.R. No. 112 entitled:

"HOUSE RESOLUTION URGING THE HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION TO DEVELOP A TEN-YEAR PLAN TO SATISFY HAWAII'S HOUSING DEMAND,"

begs leave to report as follows:

The purpose of this measure is to urge the Hawaii Housing Finance and Development Corporation to develop a ten-year plan to satisfy Hawaii's housing demand.

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

Your Committee finds that the State is currently experiencing a severe shortage of housing, leading to many residents moving out of Hawaii in search of more affordable housing options on the mainland. Your Committee further finds that the Hawaii Housing Finance and Development Corporation is statutorily tasked with providing financing for housing and the development of housing. Your Committee believes that the Hawaii Housing Finance and Development Corporation should take a proactive approach to address the State's housing shortage by creating a ten-year housing plan to address Hawaii's housing demand.

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 H.R. No. 112 and recommends that it be referred to your Committee on Finance.

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

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LUKE A. EVSLIN, Chair