Relating To The Hawaii Housing Finance And Development Corporation.
The bill modifies the existing structure outlined in Section 201H-3 of the Hawaii Revised Statutes, which currently stipulates that the board comprises nine members. The addition of the chairperson of the Hawaiian Homes Commission will increase the total membership to ten members. This alters the quorum required for the board's actions from five to six members, emphasizing a commitment to ensure diverse representation on the board, particularly bringing in perspectives that advocate for low- and moderate-income housing.
SB3110 aims to amend the membership composition of the Board of Directors for the Hawaii Housing Finance and Development Corporation (HHFDC). This legislation proposes to add the chairperson of the Hawaiian Homes Commission, or their designee, as an ex officio nonvoting member of the board. The objective is to enhance collaboration and integration of priorities related to housing for Native Hawaiians within housing finance discussions and decisions. This inclusion serves to better align the goals of the HHFDC with state initiatives focused on housing development specific to local communities.
Notable concerns surrounding SB3110 include the implications of adding another layer of representation in the decision-making processes of the HHFDC. Advocates for the legislation argue that it will improve housing outcomes for underserved populations, but opponents may question whether it overcomplicates the governance of the HHFDC or dilutes accountability. The balance of power among nonvoting and voting members is also a point of discussion, as stakeholders will have different views on how this change could impact the efficiency and focus of the board's operations.