HawaiiRELATING TO CONDOMINIUMS.
What it does
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. Limits loan terms to 20 years and prohibits any new loans after 6/30/2047. Establishes the Condominium Loan Loss Reserves Program to incentivize community development financial institutions into providing loans at competitive rates and terms to condominium associations for the purpose of allowing condominium associations to make necessary maintenance or repairs.
More detail
Requires annual reports to the Legislature. Appropriates funds into and out of the Condominium Loan Revolving Fund. Effective 7/1/2050. Repeals 06/30/2047. (SD2)
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Mar 6Pass First ReadingLatest
- Mar 6Referred to CPC, FIN, referral sheet 19Minor
- Mar 4Report adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.Passed Senate
- Vote recorded Report adopted; Passed Third Reading, as amended (SD 2). Result: pass.Upper
- Mar 4Received from Senate (Sen. Com. No. 376) in amended form (SD 2).Minor
- Feb 28Reported from WAM/JDC (Stand. Com. Rep. No. 889) with recommendation of passage on Third Reading, as amended (SD 2).
- Feb 2848 Hrs. Notice 03-04-25.
- Feb 19The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, DeCoite, Elefante, Hashimoto, Kanuha, Kidani, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: Senator(s) Inouye ; 0 No(es): none; and 0 Excused: none.Minor
- Vote recorded The committee(s) on JDC recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
- Vote recorded The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
- Feb 19The committee(s) on JDC recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in JDC were as follows: 4 Aye(s): Senator(s) Rhoads, Chang, San Buenaventura, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Gabbard.Minor
- Feb 14Reported from CPN/EDT (Stand. Com. Rep. No. 639) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM/JDC.
- Feb 14Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM/JDC.Minor
- Feb 14The committee(s) on WAM/JDC will hold a public decision making on 02-19-25 10:16AM; Conference Room 211 & Videoconference.
- Feb 11The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 4 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Richards.Minor
- Vote recorded The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
- Vote recorded The committee(s) on EDT recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
- Feb 11The committee(s) on EDT recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EDT were as follows: 5 Aye(s): Senator(s) DeCoite, Wakai, Fukunaga, Kim, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.Minor
- Feb 7The committee(s) on CPN/EDT deferred the measure until 02-11-25 1:06PM; Conference Room 229 & Videoconference.Minor
- Feb 5The committee(s) on CPN/EDT deferred the measure until 02-07-25 10:01AM; Conference Room 229.Minor
- Jan 31The committee(s) on CPN/EDT has scheduled a public hearing on 02-05-25 9:45AM; Conference Room 229 & Videoconference.
- Jan 27Passed First Reading.Minor
- Jan 27Referred to CPN/EDT, WAM/JDC.Minor
- Jan 23Introduced.Introduced