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.
More detail
Appropriates funds. Effective 7/1/3000. (SD1)
2
Where do you stand?
Choose your position
3
Tell your reps
Take a position to see your representatives and ways to contact them.
4
More on this bill
Where it stands
Introduced
Passed House
3Passed Senate
4To Governor
5Became Law
Looking ahead
No hearings or votes scheduled.
History
2025
Apr 1The committee on WAM deferred the measure.Latest
Mar 27The committee(s) on WAM will hold a public decision making on 04-01-25 10:01AM; Conference Room 211 & Videoconference.
Mar 21Reported from CPN (Stand. Com. Rep. No. 1337) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
Mar 21Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.Minor
Mar 19The 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
Mar 14The committee(s) on CPN deferred the measure until 03-19-25 10:00AM; Conference Room 229 & Videoconference.Minor
Mar 7The committee(s) on CPN has scheduled a public hearing on 03-14-25 9:30AM; Conference Room 229 & Videoconference.
Mar 6Received from House (Hse. Com. No. 288).Minor
Mar 6Passed First Reading.Minor
Mar 6Referred to CPN, WAM.Minor
Mar 4Passed Third Reading as amended in HD 2 with none voting aye with reservations; none voting no (0) and Representative(s) Pierick, Ward excused (2). Transmitted to Senate.Passed House
Feb 28Reported from FIN (Stand. Com. Rep. No. 1008) as amended in HD 2, recommending passage on Third Reading.
Feb 28Forty-eight (48) hours notice Tuesday, 03-04-25.
Feb 21The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 13 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Holt, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lamosao, Miyake, Morikawa, Templo, Reyes Oda; Ayes with reservations: none; Noes: none; and 3 Excused: Representative(s) Lee, M., Alcos, Ward.Minor
Vote recorded The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. Result: pass.Lower
Feb 19Bill scheduled to be heard by FIN on Friday, 02-21-25 12:00PM in House conference room 308 VIA VIDEOCONFERENCE.
Feb 14Reported from CPC (Stand. Com. Rep. No. 675) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
Feb 14Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with Representative(s) Garcia voting aye with reservations; none voting no (0) and Representative(s) Cochran, Matayoshi, Poepoe, Ward excused (4).Minor
Feb 11The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 10 Ayes: Representative(s) Matayoshi, Chun, Ilagan, Ichiyama, Iwamoto, Kong, Lowen, Marten, Tam, Pierick; Ayes with reservations: none; Noes: none; and Excused: none.Minor
Vote recorded The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. Result: pass.Lower
Feb 7Bill scheduled for decision making on Tuesday, 02-11-25 2:00PM in conference room 329 VIA VIDEOCONFERENCE.
Feb 5The committee(s) on CPC recommend(s) that the measure be deferred.Minor
Feb 3Bill scheduled to be heard by CPC on Wednesday, 02-05-25 2:00PM in House conference room 329 VIA VIDEOCONFERENCE.