Establishes the Condominium Loan Program to provide condominium associations with low-cost financing, or refinancing for previously obtained loans, for maintenance or repair projects. Establishes the Condominium Loan Loss Reserves Program to incentivize lenders to provide loans at competitive rates and terms to condominium associations for the purpose of allowing condominium associations to make necessary maintenance or repairs. Requires annual reports to the Legislature. Appropriates funds. Effective 7/1/3000. (SD1)
- Chamber
- House
- Introduced
- Jan 17, 2025
- Last action
- Jan 17, 2025 — Pending introduction.
- Session
- 2026
- Momentum
- 78 · High