STAND. COM. REP. NO. -24
Honolulu, Hawaii
APR 12 2024
RE: S.C.R. No. 43
S.D. 1
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 Housing, to which was referred S.C.R. No.
43, S.D. 1, entitled:
“SENATE CONCURRENT RESOLUTION URGING THE HAWAII HOUSING
FINANCE AND DEVELOPMENT CORPORATION TO AMEND THE PRIORITY FOR
WHICH LOW-INCOME HOUSING TAX CREDITS ARE ALLOCATED AND MONEYS
IN THE RENTAL HOUSING REVOLVING FUND ARE USED AND TO ADOPT
CERTAIN ADMINISTRATIVE RULES THAT INCENTIVIZE THE DEVELOPMENT
OF AFFORDABLE HOUSING IN THE STATE,”
begs leave to report as follows:
The purpose of this measure is to urge the Hawaii Housing
Finance and Development Corporation to amend the priority for
which Low-Income Housing Tax Credits are allocated and monies in
the Rental Housing Revolving Fund are used and adopt certain
administrative rules that incentivize the development of
affordable housing in the State.
Your Committee received testimony in support of this measure
from the Department of Hawaiian Home Lands. Your Committee
received comments on this measure from the Hawaii Housing Finance
and Development Corporation; Catholic Charities Hawai’i; and AARP
Hawai’i.
2024—2823 5CR43 HD1 HSCR HMSO
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Your Committee finds that the Low-Income Housing Tax Credit
(LIHTC) Program is the federal government’s primary policy tool
for encouraging the development and rehabilitation of affordable
rental housing. The LIHTC Program awards developers federal tax
credits to offset construction costs in exchange for agreeing to
reserve a certain fraction of units that are rent-restricted for
lower-income households. Your Committee further finds that at the
state level, the Rental Housing Revolving Fund also offsets
construction costs for the development of affordable rental
housing for low-income households. Your Committee believes that
the priority of projects that receive funding from the LIHTC
Program and Rental Housing Revolving Fund need to be amended to
ensure that these funds are used to further incentivize the
development of affordable rental housing.
Your Committee notes the concerns raised in testimony before
your Committee regarding the order of priority under this measure
potentially having unintended consequences of locking some
communities out of much needed affordable housing and that
prioritizing certain projects before considering key factors, such
as project readiness, may contravene the objective of economical
resource allocation.
Your Committee has amended this measure by:
(1) Changing its title to make a technical amendment; and
(2) Making technical, nonsubstantive amendments for the
purposes of clarity, consistency, and style.
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.C.R. No. 43,
S.D. 1, as amended herein, and recommends its adoption in the form
attached hereto as S.C.R. No. 43, S.D. 1, H.D. 1.
2024—2823 SCR43 HD1 HSCR HMSO
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Respectfully submitted on
behalf of the members of the
Committee on Housing,
LUKE A. EVSLIN, Chair
2024—2823 SCR43 HD1 HSCR HMSO
 State of Hawaii
House of Representatives
The Thirty-second Legislature
Record of Votes of the Committee on Housing
Bill/Resol ti n No.: Commit erral: • IJ~1
C The committee is reconsidering its previous decision on the measure.
The recommendation is to: ~ Pass, unamended (as is) ~ Pass, with amendments (HD) C Hold
0 Pass short form bill with HD to recommit for future public hearing (recommit)
HSG Members Ayes Ayes (WR) Nays Excused
1. EVSLIN, Luke A. (C)
2. AIU, Micah P.K. (VC)
3. KILA, Darius K.
4. KITAGAWA, Lisa
5. MIYAKE, Tyson K.
6. ONISHI, Richard H.K.
7. TODD, Chris
8. MATSUMOTO, Lauren
TOTAL (8)
The recommendation is: Adopted U Not Adopted
If joint referral, ___________________________ did not support recommendation.
committee acronym(s)
Vice Chair’s or designee’s signature:
Distribution: Original (White) Committee Duplicate (Yellow) — Chief Clerks Office Duplicate (Pink) HMSO