Senate Standing Committee on Housing

Good afternoon everyone. The time is 1:00. Welcome to the January 28th 1:00pm Hearing of the Committee on Housing. This meeting is being streamed live on YouTube.

In the unlikely event that we have to abruptly end this hearing due to technical difficulties, the Committee will reconvene to to discuss any outstanding business at 1 pm on January 30th in this room 225 and a public notice will be posted on the Legislature's website. We will be enforcing a 60-second per-testifier time limit.

If there are temporary technical glitches during your turn to testify via Zoom, we may have to move on to the next person due to time constraints. We appreciate your understanding and remind you that the Committee has your written testimony.

Our first Bill today is Senate Bill 27 relating to housing which exempts state financed housing developments from this requirement to obtain approval from the applicable county council. Our first testifier is HHFTC with comments.

HHFTC testimony providing comments.

Thank you. Honolulu Department of Planning and Permitting in opposition. Hawaii Appleseed in support. Housing Hawaii's future In support. Maui Chamber of Commerce in support. Lahaina Strong in opposition. Hawaii Good Neighbor in opposition. Not present on Zoom Chair.

Thank you. Trevor Nagamine in support. Seth Kamemoto, Demelisa Saramosing, Tamara Palton, Jolyn Okimoto all in opposition. Robin Knox in opposition. Ellen Sofio in opposition. Also not present on Zoom Chair. Thank you. Brett Kuroshige in opposition. Makana Hicks in opposition. Also not present on Zoom Chair thank you.

Terry Yoshinaga in opposition. Sage Lee Medeiros Garcia in opposition. And all in opposition. Janice Mitchell, Jacqueline Wa, Kelly Nishimura, Whitney Bosel and Summer Yadao. Is there anyone else wishing to testify on Senate Bill 27th please?

Aloha Senate Housing Committee Angela Melody Young testifying on behalf of Rourke Harris. So I would just comment. I neither support nor oppose. So this is involving the counties. So a proposed amendment for consideration is under number one, the housing projects meets the following conditions that it also meets the minimum requirements of health, safety and environmental standards.

So you could be a little bit more technical there because in the State of Hawaii we want to be more aware of natural resources EV kupuna and underlying issues of Hawaiian priorities and concerns to building housing.

And so also there is a how there's also the provided further that the projects are exempt from legislative body county approval and yet the Land Use Commission approves. So I'm just wondering how the counties can have assurance that the state buildings are within within zoning codes and standards. Thank You. Thank you very much.

Is there anyone else wishing to testify in Senate Bill 27? If you're going to say anything, you'll need to step forward. Okay.

OPSD Seijo Gawa from OPSD Office of Planning Sustainable Development. Mainly our testimony is about finding ways to expedite permitting instead of just jumping through the approval process from all government agencies. I can't. Everything out.

Thank you. Is there anyone else wishes to testify on Senate Bill 27? Okay. If not, we'll move to our next measure, which is Senate Bill 38 relating to housing. Prohibits the legislative body of a county from making modifications to housing development proposals that would increase the cost of the project. Our first testifier is HHFDC support. Thank you.

Followed by Honolulu Department of Planning and Permitting in opposition. Welcome Vice Chair Ashimoto Grassroot Institute of Hawaii in support. NIOP Hawaii Chapter in support.

Aloha Chair, Vice Chair. Members of the Committee, Evan Oy. On behalf of NIOP Hawaii, we strongly support this measure. You know, a measure like this really helps De risk the development process.

And you know, during, especially during this, you know, high risk development time with rising interest rates, rising insurance costs, you know, those all factor into the risk assessment when you take a look at an affordable housing project. So we just, you know, appreciate the intent of this measure and support the Bill. Thank you, Chair.

Thank you. Maui Chamber of Commerce and support line is strong in opposition. Hawaii Good Neighbor in opposition.

Housing not present.

Thank you. Housing Hawaii's future in support. Sandy Wong in support in opposition. Seth Kamemoto, Tamara Poulton, Jolyn Okimoto, Robin Knox, Ellen Sofio, Dave Watase, Brett Kurashige, Janice Mitchell, Bianca Isaki, Wakana Hicks, Kelly Nishimura and Whitney Bosel. Is there anyone else wishing to testify on Senate Bill 38, if not Members? Any questions? Okay.

I actually have a question for HHFTC actually. On the previous bill, for projects that your agency finances, how much money does do you usually put in?

Well, it varies widely depending on the number of units and source of financing.

Could you give us a range?

Well, for example, for projects that just use a DIRF interim loan, for example, might be 10 to 20 $1.0 million. For projects using Litec funding, what is your estimate average?

The annual infusion for LIHTC would probably be about $3 million per project per year over 10 years. So that would be credit equity subsidy of probably about 20, 30 million. Equity on a 4% LIHTC would represent about 40% of the cost. On a 9%, it's about 60%, but those are subsidies for RHRF.

You know, we would probably put in approximately, I would say maybe 20% of the gap funding for the project. So that could range any in the area of $150,000 a unit per project.

Do you ever provide nominal financing for projects?

What would you consider nominal financing?

Well, we do significant amount of financing.

Well, typically developers wouldn't apply these not a meaningful amount to them.

What's the lowest amount per unit that you've awarded?

Well, that would probably be for dirf interim loans where let's say a think of the most recent projects. We provide pre development funds of say $5 million for a 300 unit project. That's typically a construction loan.

Thank you. Any other questions, Members? Great. If not thank you.

We'll move on to Senate Bill 25 relating to housing, which authorizes a county to reduce the number of housing units that may be built in any portion of the county only if the county increases the number of housing units that may be built elsewhere in the county such that there is no net loss in residential capacity.

We have the Honolulu Department of Planning and Permitting in opposition. Okay, is there anyone else wishing to testify on Senate Bill 25? Is the Attorney General here?

All right, we'll move forward to our next measure, Senate Bill 70 relating to housing which requires eligible applicants of the rental housing revolving Fund to be either government agencies or organizations that are required required to use all financial surplus to develop additional housing in the state. First testifier is HPHA in support?

Not present on zoom Chair, thank you.

HHFTC with comments.

Yes, Chair, we provided comments. I think we think most developers would not have an issue with reinvesting financial surplus into additional housing projects. I think the question that we have is enforcement of this condition. For example, how would we monitor that funds that are or financial surplus derived from our project would be reinvested into subsequent housing projects?

We did follow up with your office on additional comments suggesting that a definition of financial surplus would be helpful for this Bill. We sent that to your office.

But we still do feel that it will be good to talk to the developers to see how this Bill could be enforced, how it could be ensured that financial surplus would be reinvested into future projects.

Thank you. NYOP Hawaii Chapter in opposition.

Aloha, Chair, Vice Chair, Members of the Committee Ebon Oy. On behalf of NYAP Hawaii, you know, Chair, we just wanted to voice our concerns with SB70 as it, you know, it does exclude private, you know, for profit developers by restricting the eligibility for ihrf.

You know, we're concerned that, you know, it would exclude a lot of partners who have been critical for the development of affordable housing here in Hawaii and it may impact the ability to produce at scale. So, you know, we respectfully wanted to voice those concerns at this time. So, you know, we'll be available for any questions. So.

Chair, thank you. Catholic Charities, Hawaii in opposition.

Hello, Chair and Vice Chair. I'm Betty Lou Larsen with Catholic Chairs, Hawaii. We respectfully oppose this Bill mainly because we feel that it allows or enforces that the rent housing Revolving Fund be used by only two entities, government entities, organizations committed to put all their financial surplus into for their housing.

We are very concerned, as you are, about permanent affordability. That is our main concern. We don't see these projects really throwing off a lot of money until the affordability might expire, then they could be sold, then they're in great locations, they're downtown. You know, they're very valuable projects.

So the affordability to us is the criteria that we want to pay attention to and try to in the future make sure that they stay affordable and that that means monies of the entity and maybe the state would have to be put in to make sure they're in good condition after 60 years.

Our concern is again, as HHFTC said, how would you implement this 60 or 100 years from now? If you have a MainLink developer, you have even a local developer who's doing a lot of projects, some this, some not, how could you enforce this and be accurate? Okay, thank you very much.

Next we have Galen Fox in support and Seth Kamimoto with comments. Is there anyone else wishing to testify on Senate Bill 70? If not, we'll move on to Senate Bill 71 relating to the rental housing Revolving Fund, which amends the preference criteria and eligibility requirements for applicant developers seeking assistance from the rental housing revolving Fund.

Before we get into this, Chair just wants to note that because this next Bill and the following Bill, Senate Bill 163 relating to the rental housing Revolving Fund, both have similar subject matters.

It's the chair's intent to Defer Senate Bill 163 and instead make some amendments to Bill 71 and use that as the vehicle to address the prioritization of the funding from the rental housing involving Fund. Our first testifier is Hawaii Public Housing Authority in support, not present on Zoom.

Chair.

Thank you. HHFTC with comments. Naya pawaii, Chapter in opposition.

Aloha, Chair.

Again, you know, we just wanted to voice our concerns again on SB71, similar concerns in regards to, you know, this precludes developers from being able to participate as well as, you know, I think there's other provisions in here such as the Shorter term limits and in regards to no longer than five years, you know, the short term loan terms can create undue financial burden on developers as affordable housing projects typically require longer loan amortization periods to remain financially viable.

And then another one is going to be, you know, the providing preference for projects in perpetual affordability. While we appreciate this goal, this may disincentivize developers from pursuing projects to the long term financial risk and the operational burdens associated with this kind of agreement. So, you know, we respectfully wanted to voice those concerns. But thank you Chair.

Thank you. Our next testifier is Catholic Charities Hawaii in opposition.

Chair and Vice Chair respectfully oppose this Bill. Be it fast.

We feel that although there will be a sport very much so state and county projects, as we say in our next testimony, we feel that these should be directly funded in some mechanism so that there's more transparency rather than mixing in with Tod or within LIHTC and others.

So there's another way to Fund these and make sure they get built, which is important. Loan terms very difficult. How could a Low income project do this? You know, they'd be locked out. The rents don't sustain it. They can't pay rents that would pay back a loan in five years.

I also want to say we're very concerned again about the deletion of all the other priorities, especially the 5% for units targeting people at 30% AMI below. As we say, many of the tenants in Ella, over half of the tenants as high as 60% of the tenants are at 30% AMI below.

So we need to continue looking at this population and not reducing the mandate for it. The few knitting the few units that actually do target them. Thank you very much.

Thank you. And finally we have Seth Kamimoto with comments. Is there anyone else wishing to testify on Senate Bill 71 Members? Any questions? I have a question for HHFDC. As you know, the chair is very interested in revolving the rental housing revolving Fund faster than it currently is is a tier 2 loan term.

What is the typical term of a tier 2 loan?

I believe in the pilot project that we had two years ago, the loan terms are up to 53 years. But we also worked with developers to prioritize those that could pay back the loan quicker. So some we expect them to pay back the loan in under 40 years, say between 30 and 40 years.

What's the typical term for a tier one loan.

That'Ll be longer 55 to 60 years. So the tier two, just to add to what my Director said, you know, it's really the loan term that they are provided. Most of the projects will pro forma out to pay off those loans significantly sooner than their original term is.

Both you and Catholic Charities have testified as to the presence of 30% AMI tenants in these 60% AMI units. How many of them are Section 8 voucher holders?

I don't have that information offhand right now, but we can work on getting that for you and we can work with the Housing Authority to get that information.

Thank you. Any further questions? If not, thank you very much. The next Bill is Senate Bill 163 relating to housing. Sorry, relating to the Rental Housing Revolving Fund, which requires HHFDC to maximize the amount of housing built. That utilizes loans from the Rental Housing Revolving Fund by prioritizing projects with a shortest projected loan repayment.

Terms that produce the highest number of units per dollar per year and repeals all other priorities and preferences for projects utilizing light. The Rental Housing Revolving Fund. As I previously stated, the inclination of the chair is to defer this measure and to make amendments to SB71 addressing the concerns raised in this measure.

Hawaii Public Housing Housing Authority and support not present on Zoom chair. Thank you. HHFDC with comments. NIOP Hawaii chapter in opposition Catholic Charities Hawaii in opposition.

To Catholic Charities Even though this is a slightly different Bill, many of the issues, as you see, are coming up in other bills. I want to take this opportunity to say this really concerns us because it erodes the whole purpose of the LIHTC program. We feel that it doesn't really support the people that it was designed for.

This one, for example, would have someone could win an award at serving people at 140% MI. They could pay back a loan, but because they have much, much, much higher rents, maybe 3 or 4,000amonth versus 1,000amonth for a senior project. So we feel that those things and we just feel that the current priorities could be improved.

There's more discussion for sure, but that they protect and provide guardrails for the people in our state so that Low income, middle income people at 60% to Tier 2 have some targeted effort by the state to really look at housing and how to accomplish this. We need more. We definitely need more discussion on how to address this.

But we feel that removing these guardrails without that discussion is just not the right thing to do at this time. Thank you.

Is there anyone else wishing to testify on SB163. Okay. If not, we'll move forward to our next measure, Senate Bill 165 relating to housing which clarifies the definition of qualified nonprofit housing trust to specify organizations that exclusively serve residents qualified residents as defined in Section 201H32HRS. Our first testifier is HHFDC in support. Thank you.

Next is Holomua Collaborative in support. Thank you. And we have Galen Fox in support. Is there anyone else wishing to testify in Senate Bill 165 Members? Any questions? Okay. Our next measure is Senate Bill 379 relating to affordable housing.

Requires that the Hawaii Housing Finance and Development Corporation housing projects include a restrictive covenant that states that the units designated as affordable housing as described in the submitted project application shall remain as affordable housing in perpetuity and prohibits development of affordable housing in a special flood hazard area. Our first testifier is HPHA and support HHFDC with comments.

Yes Chair, we have comments on this Bill. We are particularly concerned about the impact this measure may have on for sale 201H projects.

These projects are many times largely privately financed and developers may be unwilling to take the risk of going through a 218 process if they are uncertain that there is are buyers willing to commit to a project. They have to go through a pre sale process and many buyers may hesitate to commit to perpetual affordability requirement.

So this could affect marketability and sales for sale projects which could lead to them not proceeding. And we also ask that the provision related to special flood hazard zones that that be deleted because under 200h38 we cannot contravene any public health or safety standards so we would not allow a project that created a flood risk.

Thank our next testifier is Aloha United Way in support NYOP Hawaii in opposition Maui Chamber of Commerce with comments, Ashley Loa in support Seth Kamimoto in support Lowell Chun in opposition and Jen Mather with comments. Anyone else wishing to testify on SB379?

Aloha chair my name is Jermaine Myers. I'm a Native Hawaiian OHA beneficiary. I oppose Senate Bill 379 regarding affordable housing and I asked Chair and the Members of the Committee to vote no in opposition of Senate Bill 379.

The Bill amends Section 201H38 so that affordable housing cannot be developed within a special flood hazard area as identified on the current FEMA flood flood insurance rate map. Many oceanfront properties in Hawaii are identified in the special flood hazard map Area High income Residents esteem housing development on oceanfront properties.

This Bill will eliminate the opportunity for Low and moderate income residents to live in affordable housing that should also be allowed to be built on oceanfront properties. My final concern is that OHA's Kakaako Makai Properties are also in the special flood hazard area as identified by FEMA for maps.

If this Bill passes, OHA's goal to develop Section 201H affordable workforce housing as noted in Senate Bill 534 will be nullified. I humbly ask you to vote. No. Thank you.

Is there anyone else wishing to testify on Senate Bill 379? Any questions Members?

Okay, if not, our next measure is Senate Bill 378 relating to the Hawaii Housing Finance and Development Corporation which establishes a working group within HHFTC to identify existing mixed use developments in Maui County that could be acquired by HHFDC for use as affordable housing and commercial rental leases and requires a report to the Legislature.

Our first testifier for SB378 is HHFTC in support. Thank you. Our next testifier is Maui Chamber of Commerce in support. Is there anyone else wishing to testify on Senate Bill 378?

I did not just.

Angela Melody Young, Roy Cares. So in strong support. My mother is a real estate agent for Century 21 properties and I'm in training. I already passed my class test. So I love learning about this industry and supporting Maui.

Of course, because as a Member of the public and an American citizen concerned about federal doll supporting Maui, I'd like to speak up for Maui and the housing and development goals.

So my proposed amendment will be under the Members number eight, a representative of the real estate market, a representative of the financial assets management industry, a representative of the business management organizations focus on real estate marketing strategies and career development trainings.

So I think this is more inclusive and provides a little bit more equity and representation for the real estate industry. Because a lot of times when I talk to my real estate teacher they're like we don't even know what these terminologies mean. We don't even know what average medium income is.

We don't know what like rental housing revolving Fund is. They don't even know this like real estate people. And then also if you notice it says invited by the President and Speaker of the House. I think we need a little bit more equity and representation in the marketplace. So thank you very much. Thank you.

Is there anyone else wishing to testify on Senate Bill 378? Okay, any questions Members?

If not, our next measure is Senate Bill 414 relating to restoring access to disaster affected areas, which requires HHFDC to Institute proceedings to condemn certain lands in Lahaina to build a new access road from Keawe street to the Kilohana and Kala'ola sites developed in the villages of Leolii.

Appropriates monies into and out of the dwelling unit, revolving funds for the appraisals and other preparations for the condemnation proceedings. Our first testifier is HHFDC in support, Department of Human Services in support. Maui Chamber of Commerce in support. And Jen Mather in support. Is there anyone else wishing to testify on SB414? If not, numbers, Any questions?

Okay, and that brings us to the last measure on our agenda, SB123 relating to taxation, which eliminates the home mortgage interest deduction for second homes under Hawai'I income tax law and requires reports to the Legislature. First testifier is Hawaii Department of Taxation with comments. Department of Budget and Finance with comments. Hawaii Realtors in opposition.

Tax foundation of Hawaii with comments. Maui Chamber of Commerce.

Thank you. Chair. Vice Chair. Members of the Committee, Tom Yamachika, Forward Tax foundation of Hawaii. We have a comment on the measure relating to the complexity that this Bill will create. I'd be happy to answer any questions. Thank you very much.

Thank you. Maui Chamber of Commerce with comments. And Constance D. In support. Is there anyone else wishing to testify on Senate Bill 123?

Follow ups, Mr. Chair, Vice Chair, on behalf of the Department of Taxation, thank you.

Anyone else wishing to testify on SB123? Okay. Not any questions. Members? Okay. If not, we'll be going into recess and we'll be back for decision making. Welcome back. The Housing Committee is now back for its January 28th agenda. I'd like to welcome Committee Members Kanuha and Aquino at this time.

We'll start our decision making with Senate Bill 27 relating to housing. Chair's recommendation will be to pass this measure with amendments to include HHFDC's amendment to include projects receiving a financing commitment from the state.

We'll also note in the Committee report that these projects must still go through an extensive process to receive 201H38 approval and also that HHFDC does not provide nominal financing for projects and that typical state financing constitutes a large portion of a project's cost. Members, any questions or discussion? Okay.

So if not for Senate Bill 27 relating to housing. Chairs Recommendations to pass with amendments. Chair votes aye.

Members SB27 chairs Recommendations passed with amendments. Chair votes aye. Vice Chair votes aye. Senator Kino Senator Kanuha and Senator Fevella is excused. And for all other measures, Recommendations adopted.

Thank you. Next for Senate Bill 38 relating to housing, the Chair's recommendation is to pass the measure with amendments. They're technical, non substantive amendments for the purposes of clarity and consistency.

And also we'll be taking HHFDC's recommendation to modify section C1 on page two, provided that the legislative body shall not make any modifications or impose conditions that will increase the cost of the project. Members any questions or discussion? If not SB38 Chair's recommendation is to pass with amendments. Chair votes Aye.

Members SB38 chairs Recommendations passed with amendments. Chair votes Aye Members Anyone voting with reservations Any Members voting no with all others voting I Recommendations adopted.

Next for Senate Bill 25 related to housing, Chair's inclination was to address the concerns about the vagueness of a portion of a county, but we didn't get any suggestions to reword that from the Attorney General. So Chair's recommendation will be to pass this measure unamended. Do we have any questions or discussion numbers?

If not for SB25 Chair's recommendation is to pass Unamended. Chair votes aye.

Members recommendation for SB25 is passed. Unamended. Chair votes Aye. Any Members voting with reservations? Any Members voting no with all others voting aye. Recommendations adopted.

Thank you. For Senate Bill 70 relating to housing, Chair's recommendation is to pass this measure with amendments to take HHFDCs to insert language to address HHFDC's concern about financial surplus. And we'll also add a preamble noting the need for this Bill given the nearly 15,000 affordable housing units whose affordability restrictions expire by the year 2100.

One prominent example Kukui Gardens, which was built in 1970 with subsidized federal loans. When affordability restrictions expired, the state was compelled to buy back the project from the owner for $132.5 million in 2006 to preserve the tenants in place. The owner then used the proceeds of the sale to Fund other non housing related charitable donations.

This Bill is needed to ensure that the value generated by taxpayer financed housing development is recycled to build more housing. And the Committee report will also note that the Bill does not prohibit for profit development and that Vienna's successful social housing model is based on such for profit developers which are called limited profit housing associations.

Members any questions or discussion? If not for Senate Bill 70 relating to housing, Chair's recommendation is to pass with amendments.

Chair votes aye Members recommendation is SB 70 is passed with amendments. Chair votes Aye. Vice Chair votes with reservations Any Member Others voting with reservations or nos seeing none. Recommendations adopted. Thank you.

Our next Bill is SB71 relating to the Rental Housing Revolving Fund. As I previously mentioned, we'll be making some amendments to this to incorporate some of the concerns that were also raised in the next Bill, SB 163. So again, the Chair's recommendation will be to pass this measure with amendments.

The Chair wants to add a preamble on the extreme housing shortage that Hawaii faces. However, the Rental Housing Revolving Fund, the primary state means of financing new housing, produces new housing extremely inefficiently, requires spending roughly $200,000 of state taxpayer funds per unit, typically to be repaid at only 0.15% interest over 57 years.

RHRF financed units are typically only affordable for up to 61 years and almost 15,000 units will expire by the year 2100. Those 15,000 families will likely be evicted as rents rise to market unless the state and counties buy back the buildings, which means the taxpayers would have to pay twice for the same building.

Because of these attractive terms, it now finances half of all housing production statewide, crowding out all other forms of housing finance, including from the private sector. Furthermore, the Rental Housing Revolving Fund is overbuilding rental housing at the 60% AMI level.

HHFDC's 2019 Hawaii Housing Planning Study forecasts demand over the five years from 2020 to 2025 of only 1,789 units of 50 to 60% AMI rentals, or 358 units per year, which is almost exclusively what comprises LIHTC projects. HHFDC is currently financing well over 1,000 LIHTECs units per year.

Due to such dramatic overbuilding of this narrow market segment, over 30% of LIHTC units are being rented by tenants at 30% AMI who are severely cost burdened. As a result, the same study forecasts a demand of 1,855 units of 120 to 140% AMI rentals over the same five year period, or 371 units per year.

By contrast, there is demand for 11,872 ownership units at 120% of AMI and up over the same five year period, and 2,374 units per year, far more than the market is currently supplying.

This measure is intended to provide financing to provide enough housing to meet demand at Tier 1 and Tier 2ami segments while enabling surplus funds to be used to produce housing in the most efficient means possible, greatly increasing housing production in Addition, we want to insert sections 123 and 5 of SB164 to rename the rental Housing Revolving Fund the State Housing Revolving Fund and to permit it to be used for ownership housing to delete the word rental from Hrs201h202 so that the Fund may finance both rental and for sale housing.

To amend hrs 201h 202e such that tier 1, which is 201h 202e 1 and 2 apply to awards up to the annual number of units that HHFDC's most recent Hawaii Housing Planning Study forecasts is needed for 50 to 60% AMI rental housing that Tier 2 or 201H202E3 applies to awards up to the annual number of units that HHFDC's most recent Hawaii Housing Planning Study forecasts As needed for 120 to 140AMI rental housing, inserting a new Tier 3, which applies to housing exclusively for qualified residents as defined in Hrs201.

In addition, we have technical, non substantive amendments for the purposes of clarity and consistency, and we'll also be taking HHFDC's suggestion to provide for establishing an application process for Fund allocation that prioritizes any and all of the listed criteria. So it will read B. The corporation shall establish an application process for Fund allocation.

Preference shall be given to projects meeting any of the following criteria and inserting a new criteria into 201H 204B projects requiring the least amount of state funding per unit per year. Members do we have any questions or discussion? Okay. If not for SB71, Chair's recommendation is to pass with amendments. Chair votes Aye.

Members SB71 chair's recommendation is passed with amendments. Chair votes aye. Vice Chair votes with reservations. Any Members voting with reservations or nos seeing none. All others vote aye. Recommendations adopted.

Thank you. Our next Bill is Senate Bill 163 relating to the Rental Housing Revolving Fund. As I previously mentioned, we'll be deferring this measure because the concerns will be addressed in the amended SB71. Any discussion or questions? Okay. Our next Bill is Senate Bill 165 relating to housing. Chair's recommendation is to pass this measure unamended.

Any questions or discussions? Okay. If not SB 165 chairs recommendation is passed. Unamended. Chair votes aye.

SB 165 chairs recommendations passed on amendment. Unamended. Chair votes aye. Any Members with voting with reservations? Any Members voting no with all others voting aye. Recommendations adopted.

Thank you. Senate Bill 379 relating to affordable housing. Again, the Chair's recommendation will be to pass this measure unamended. Do we have any questions or discussion? Members? If not SB 379 Chair's recommendation is to pass Unamended. Chair votes Aye.

Members SB379 Chair's recommendation is to pass Unamended. Chair votes aye. Any Members voting with reservations. Any Members voting no without others voting aye. Recommendations adopted.

Next measure is Senate Bill 378 relating to HHFDC. Again, the chair's recommendation will be to pass this measure unamended. Any discussion or questions?

SB378 Chair's recommendation is to pass unamended. Chair votes aye. SB378 shows recommendations passed on amended. Chair votes aye. Any Members voting with reservations. Any Members voting no with all others voting aye. Recommendations adopted. Thank you.

Senate Bill 414 relating to restoring access to disaster affected areas. Chair's recommendation will be to pass this measure with amendments with technical, non substantive amendments for the purposes of clarity and consistency. Any discussion or questions? If not, Chair's recommendation for Senate Bill 414 is to pass with amendments. Chair votes aye.

Members SB414 chairs recommendations passed with amendments. Chair votes aye. Any Members voting with reservations. Any Members voting no with all others voting aye. Recommendations adopted.

Finally, Senate Bill 123 relating to taxation. The Chair's recommendation will be to pass this measure with amendments to take SMA's technical, non substantive amendments for the purposes of clarity and consistency.

We'll also note in the Committee Report Department of Taxation's concerns about the inability to provide certain types of information, such as the amount of revenue that would be gained Members. Any questions or discussion? Okay. If Not Senate Bill 123 recommendation is to pass with amendments. Chair votes aye.

Members SB123 chose recommendations passed with amendments. Chair votes I. Any Members voting with reservations. Any Members voting no with all others voting aye recommendations adopted. Thank you very much.

With no there being no further business, this hearing is adjourned. SA.