STAND. COM. REP. NO.
Honolulu, Hawaii
APR 03 , 2025
RE: H.C.R. No. 78
Honorable Nadine K. Nakamura
Speaker, House of Representatives
Thirty-Third State Legislature
Regular Session of 2025
State of Hawaii
Madame:
Your Committee on Finance, to which was referred H.C.R. No.
78 entitled:
“HOUSE CONCURRENT RESOLUTION DECLARING THE INTENT THAT
PROJECTS WITH HOUSING UNITS THAT QUALIFY FOR HOUSING CREDITS
UNDER ACT 31, SESSION LAWS OF HAWAII 2024, ARE STILL ELIGIBLE
TO RECEIVE HOUSING CREDITS AFTER THE REPEAL OF THAT ACT IF
THE HOUSING PROJECTS WERE APPROVED BY THE HAWAII HOUSING
FINANCE AND DEVELOPMENT CORPORATION BEFORE JULY 1, 2031, AND
REQUESTING THE CORPORATION AND EACH COUNTY TO INCLUDE CERTAIN
INFORMATION WHEN APPROVING HOUSING PROJECTS FOR HOUSING
CREDITS,”
begs leave to report as follows:
The purpose of this measure is to declare the intent that
projects with housing units that qualify for housing credits under
Act 31, Session Laws of Hawaii 2024, are still eligible to receive
housing credits after the repeal of that Act if the housing
projects were approved by the Hawaii Housing Finance and
Development Corporation before July 1, 2031, and requesting the
Corporation and each county to include certain information when
approving housing projects for housing credits.
As affirmed by the record of votes of the members of your
Committee on Finance that is attached to this report, your
Committee concurs with the intent and purpose of H.C.R. No. 78 and
recommends its adoption.
HCR78 HSCR FIN
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 STAND. COM. REP. NO.
Page 2
Respectfully submitted on
behalf of the members of the
Committee on Finance,
!f ~~MASRITA7~Chair
HCR78 HSCR FIN
 State of Hawaii
House of Representatives
The Thirty-third Legislature CP ~ J~
Record of Votes of the Committee on Finance
Bill/Resolution No.: Committee Referral: Date:
RC12~ L ~ ~i 5~’, R~’-N ~3/~ i/w~c
0 The committee is reconsidering its previous decision on the measure.
The recommendation is to: JZf Pass, unamended (as is) 0 Pass, with amendments (HD) 0 Hold
0 Pass short form bill with HD to recommit for future public hearing (recommit)
FIN Members Ayes Ayes (WR) Nays Excused
1. YAMASHITA, Kyle T. (C)
2. TAKENOUCHI, Jenna (VC)
3. GRANDINETTI, Tina Nakada 7
4. HOLT, Daniel
5. HIJSSEY, Ikaika
6. KEOHOKAPU-LEE LOY, Sue L 7
7. KITAGAWA, Lisa
8. KUSCH, Matthias
9. LAMOSAO, Rachele F. /
10. LEE, Mike
11. MIYAKE, Tyson K.
12. MORIKAWA, Dee 7,
13. TEMPLO, Shirley Ann /t
14. ALCOS III, David 7
15. REYES ODA, Julie /
16. WARD, Gene
TOTAL (16) 0 0
The recommendation is: ~1 Adopted ~ Not Adopted
If joint referral, did not support recommendation.
ittee acronym(s)
Vice Chair’s or designee’s signature:
Distribution: Original (White) — Committee plicate (Yellow) — Chief Clerk’s Office Duplicate (Pink) — HMSO