STAND. COM. REP. NO.
Honolulu, Hawaii
APR 0 1 2025
RE: S.R. No. 60
S.D. 1
Honorable Ronald D. Kouchi
President of the Senate
Thirty-Third State Legislature
Regular Session of 2025
State of Hawaii
Sir:
Your Committee on Housing, to which was referred S.R. No. 60
entitled:
"SENATE 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 and intent of this measure is to:
(1) 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 Act 31 if the housing
projects were approved by the Hawaii Housing Finance and
Development Corporation before July 1, 2031; and
(2) Request the Hawaii Housing Finance and Development
Corporation and each county to include certain
information in actions approving housing projects for
housing credits.
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Page 2
Your Committee received testimony in support of this measure
from the Department of Hawaiian Home Lands and Hawaii Housing
Finance and Development Corporation.
Your Committee received testimony in opposition to this
measure from one individual.
Your Committee finds that Act 31, Session Laws of Hawaii 2024
(Act 31), required the counties to issue affordable housing
credits for affordable housing units that are constructed under
the various programs administered by the Hawaii Housing Finance
and Development Corporation (HHFDC). However, the provisions of
Act 31 will sunset on July 1, 2031, creating uncertainty for
projects approved, but not completed, by that date. As the State
seeks to address the existing housing shortage, ensuring housing
developers can access HHFDC programs to lower the cost of housing
will empower more individuals and residents to achieve
homeownership and a lower cost of living. Therefore, this measure
affirms the Legislature's commitment to the development of housing
units that remain affordable for working individuals and families.
Your Committee has amended this measure by making technical,
nonsubstantive amendments for the purposes of clarity and
consistency.
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.R. No. 60, as
amended herein, and recommends its adoption in the form attached
hereto as S.R. No. 60, S.D. 1.
Respectfully submitted on
behalf of the members of the
Committee on Housing,
2025“2343 SR SSCR SMA docx
 The Senate
Thirty-Third Legislature
State of Hawaii
Record of Votes
Committee on Housing
HOU
Bill / Resolution No.:* Committee Referral: Date:
Hou
The Committee is reconsidering its previous decision on this measure.
If so, then the previous decision was to:__________________________
The Recommendation is:
Pass, unamended ** Pass, with amendments Hold __ Recommit
2312 2311 2310 2313
Members Aye Aye (WR) Nay Excused
CHANG, Stanley (C)
HASHIMOTO. Troy N. (VC)
AQUINO. Henry J.C.
KANUHA. Dru Mamo
FEVELLA. Kurt
TOTAL
Recommendation: —
Adopted Not Adopted
/ ''
Chair’s or Designee’s Signature: (/____
/ 4,
Distribution: Original Yellow Pink Goldenrod
File with Committee Report Clerk's Office Drafting Agency Committee File Copy
*Only one measure per Record of Votes
Revised: 12/09/24