ࡱ> +-*} 3bjbj55 .__3  # ./////   M     // // /0ԍm  0*d                        : KANSAS SENATE COMMERCE COMMITTEE SENATE BILL 488 TESTIMONY FEBRUARY 13, 2008 PAUL JOHNSON KANSAS CATHOLIC CONFERENCE The Kansas Catholic Conference supports the changes in Senate Bill 488 that would create a comprehensive statewide first time homebuyer program with the use of revenue mortgage bonds. The fees gained from the issuance and re-issuance of private activity bonds for first time homebuyers should be directed to the State Housing Trust Fund. The Kansas Catholic Conference supports the development and funding of a statewide affordable housing plan. Senate Bill 417 is one part of the affordable housing plan by creating a competitive grant program to disaster areas and eventually to all rural Kansas. The Governors budget recommendation of $3 million for the State Housing Trust Fund should be enacted to immediately start a dedicated revenue source for the Trust Fund. The fees from SB 488 would take longer to develop to help fund the Trust Fund. According to the 2000 United State Census, Kansas has 1,043,808 housing units. 128,783 renters (40% of all Kansas renters) and 122,941 homeowners (17% of all homeowners) were cost burdened in 2000 by paying over 30% of their income for housing costs. All told this represents 1 in every 4th household in Kansas. (Today this rate would be higher as natural gas prices have tripled from $2/mcf to over $6/mcf.) The revenue mortgage bond issuance report for year 2006 showed there were 2,138 first-time homebuyer home loans in 19 counties across Kansas. In 2007, there were 3,201 loans involving $284 million in revenue mortgage bonds. With the energy conservation measure expertise at the Kansas Development Finance Authority, this expertise should be utilized in the first time homebuyer program through energy audits and supplemental financing to implement the most cost effective energy conservation improvements. Such energy conservation improvements are now being used in the re-building of Greensburg. Has there been an accounting of the fees gained by Sedgwick County and the bond underwriters for the revenue mortgage bonds issued over the last 10 years? Might it be possible to assign such a review to Legislative Post Audit to give all policy makers a clear idea of the fees procured and the potential revenue source to the State Housing Trust Fund? In light of re-building 2,000 affordable housing units in the disaster areas and the general shortage of affordable housing for many Kansas families, enacting SB 488 would be one economic development tool for the entire state of Kansas to fund workforce housing. !y 3h.H*OJQJ^Jh.OJQJ^Jh.5OJQJ\^Jh.!Nxy f g  !,-.3$a$,1h/ =!"#$% ^ 666666666vvvvvvvvv666666>6666666666666666666666666666666666666666666666666hH6666666666666666666666666666666666666666666666666666666666666666662 0@P`p2( 0@P`p 0@P`p 0@P`p 0@P`p 0@P`p 0@P`p8XV~_HmH nH sH tH @`@ NormalCJ_HaJmH sH tH DA D Default Paragraph FontViV 0 Table Normal :V 44 la (k ( 0No List >>@> Title$a$5OJQJ\^JPK![Content_Types].xmlj0Eжr(΢Iw},-j4 wP-t#bΙ{UTU^hd}㨫)*1P' ^W0)T9<l#$yi};~@(Hu* Dנz/0ǰ $ X3aZ,D0j~3߶b~i>3\`?/[G\!-Rk.sԻ..a濭?PK!֧6 _rels/.relsj0 }Q%v/C/}(h"O = C?hv=Ʌ%[xp{۵_Pѣ<1H0ORBdJE4b$q_6LR7`0̞O,En7Lib/SeеPK!kytheme/theme/themeManager.xml M @}w7c(EbˮCAǠҟ7՛K Y, e.|,H,lxɴIsQ}#Ր ֵ+!,^$j=GW)E+& 8PK!Ptheme/theme/theme1.xmlYOo6w toc'vuر-MniP@I}úama[إ4:lЯGRX^6؊>$ !)O^rC$y@/yH*񄴽)޵߻UDb`}"qۋJחX^)I`nEp)liV[]1M<OP6r=zgbIguSebORD۫qu gZo~ٺlAplxpT0+[}`jzAV2Fi@qv֬5\|ʜ̭NleXdsjcs7f W+Ն7`g ȘJj|h(KD- dXiJ؇(x$( :;˹! I_TS 1?E??ZBΪmU/?~xY'y5g&΋/ɋ>GMGeD3Vq%'#q$8K)fw9:ĵ x}rxwr:\TZaG*y8IjbRc|XŻǿI u3KGnD1NIBs RuK>V.EL+M2#'fi ~V vl{u8zH *:(W☕ ~JTe\O*tHGHY}KNP*ݾ˦TѼ9/#A7qZ$*c?qUnwN%Oi4 =3ڗP 1Pm \\9Mؓ2aD];Yt\[x]}Wr|]g- eW )6-rCSj id DЇAΜIqbJ#x꺃 6k#ASh&ʌt(Q%p%m&]caSl=X\P1Mh9MVdDAaVB[݈fJíP|8 քAV^f Hn- "d>znNJ ة>b&2vKyϼD:,AGm\nziÙ.uχYC6OMf3or$5NHT[XF64T,ќM0E)`#5XY`פ;%1U٥m;R>QD DcpU'&LE/pm%]8firS4d 7y\`JnίI R3U~7+׸#m qBiDi*L69mY&iHE=(K&N!V.KeLDĕ{D vEꦚdeNƟe(MN9ߜR6&3(a/DUz<{ˊYȳV)9Z[4^n5!J?Q3eBoCM m<.vpIYfZY_p[=al-Y}Nc͙ŋ4vfavl'SA8|*u{-ߟ0%M07%<ҍPK! ѐ'theme/theme/_rels/themeManager.xml.relsM 0wooӺ&݈Э5 6?$Q ,.aic21h:qm@RN;d`o7gK(M&$R(.1r'JЊT8V"AȻHu}|$b{P8g/]QAsم(#L[PK-![Content_Types].xmlPK-!֧6 +_rels/.relsPK-!kytheme/theme/themeManager.xmlPK-!Ptheme/theme/theme1.xmlPK-! ѐ' theme/theme/_rels/themeManager.xml.relsPK] 3 3 3 8@0(  B S  ? ' 5 5 jjG ( 2 5 I.3 5 @3 P@UnknownG* Times New Roman5Symbol3. * Arial5. *aTahomaACambria Math"hcFcFcF!r0. . 2HP $PI2!xx KANSAS SENATE COMMERCE COMMITTEEValued Gateway Client csinstaller2Oh+'0$ <H h t  $KANSAS SENATE COMMERCE COMMITTEEValued Gateway Client Normal.dotmcsinstaller22Microsoft Office Word@F#@$Ydm@jm@jm՜.+,0 hp|  .  !KANSAS SENATE COMMERCE COMMITTEE Title  !#$%&'(),Root Entry Fpm.1Table WordDocument.SummaryInformation(DocumentSummaryInformation8"CompObjy  F'Microsoft Office Word 97-2003 Document MSWordDocWord.Document.89q