SB 1601: RELATING TO CONDOMINIUMS.
- Session Year: 2025-2026
- House: Senate
Current Status:
In Progress
(2025-12-08: Carried over to 2026 Regular Session.)
Introduced
First Committee Review
First Chamber
Second Committee Review
Second Chamber
Final Decking
Enacted
Establishes
within the Hawaii Green Infrastructure Authority the Condominium Loan Program
to provide qualified condominium associations with low-cost financing or
refinancing on previously obtained loans for maintenance or repair
projects. Establishes the Condominium Loan
Loss Reserves Program to incentivize lenders into providing loans at
competitive rates and terms to condominium associations for the purpose of
allowing condominium associations to make necessary maintenance or repairs. Requires reports to the legislature. Appropriates funds into and out of the
Condominium Loan Revolving Fund.
Discussed in Hearing
2MINSenate Standing Committee on Agriculture and Environment
2MINSenate Standing Committee on Commerce and Consumer Protection
2MINSenate Standing Committee on Government Operations
2MIN