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 and essential repairs. Establishes the Condominium Loan Loss Reserves Program to incentivize lenders into providing loans at competitive rates and terms for the purpose of allowing condominium associations to make necessary maintenance or repairs. Requires annual reports to the Legislature.
Appropriates funds into and out of the Condominium Loan Revolving Fund. Effective 7/1/2050. (SD1)
- Chamber
- Senate
- Introduced
- Jan 17, 2025
- Last action
- Jan 17, 2025 — Introduced.
- Session
- 2026
- Momentum
- 64 · High