Hawaii Establishes Condominium Loan and Loss Reserve Programs for Maintenance Financing

Original title: RELATING TO CONDOMINIUMS.

Last action · December 8, 2025: Carried over to 2026 Regular Session.Sponsors: Donovan Dela Cruz and 3 others

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Introduced

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What This Bill Would Do

Hawaii creates two new programs within the Hawaii Green Infrastructure Authority to provide low-cost financing, refinancing, and lender incentives for condominium associations funding maintenance and repairs, effective July 1, 2050.

Why it matters

Condominium associations gain access to government-backed low-cost loans and lenders receive loss reserve incentives for funding critical building maintenance and repair projects.

Who It Would Affect

Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.

Directly affected

qualified condominium associations

Qualified condominium associations become eligible for low-cost financing or refinancing for maintenance and essential repairs.

Directly affected

lenders

Lenders are incentivized through the Condominium Loan Loss Reserves Program to provide loans at competitive rates and terms.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What is the purpose of the Condominium Loan Program?

It provides qualified condominium associations with low-cost financing or refinancing on previously obtained loans for maintenance and essential repairs.

Which agency manages these new condominium loan programs?

The Hawaii Green Infrastructure Authority administers both the Condominium Loan Program and the Condominium .

What else do you want to know?

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Where This Stands

Currently passed chamber. The next step in the legislative lifecycle is Law.

Procedural history

17 actions

Dec 8, 2025Hawaii State Legislature
Carried over to 2026 Regular Session.
Mar 4, 2025HouseIntroduced
Pass First Reading
Mar 4, 2025HouseCommittee
Referred to CPC, FIN, referral sheet 18
Feb 28, 2025SenateFloor
Report Adopted; Passed Third Reading. Ayes, 23; Aye(s) with reservations: Senator(s) Inouye. Noes, 0 (none). Excused, 2 (Senator(s) Fukunaga, Kidani). Transmitted to House.
Feb 28, 2025HouseIntroduced
Received from Senate (Sen. Com. No. 45) in amended form (SD 1).
Feb 27, 2025Senate
Reported from WAM (Stand. Com. Rep. No. 779) with recommendation of passage on Third Reading.

Show 11 earlier actions

Feb 27, 2025Senate
One Day Notice 02-28-25.
Feb 18, 2025SenateCommittee
The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The votes in WAM were as follows: 12 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, Elefante, Hashimoto, Kanuha, Kidani, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: Senator(s) Inouye ; 0 No(es): none; and 1 Excused: Senator(s) DeCoite.
Feb 14, 2025Senate
The committee(s) on WAM will hold a public decision making on 02-18-25 10:01AM; Conference Room 211 & Videoconference.
Feb 7, 2025Senate
Reported from CPN/EDT (Stand. Com. Rep. No. 100) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
Feb 7, 2025SenateFloor
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
Feb 5, 2025SenateCommittee
The 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, Richards; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Awa.
Feb 5, 2025SenateCommittee
The committee(s) on EDT recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EDT were as follows: 4 Aye(s): Senator(s) DeCoite, Wakai, Fukunaga, Kim; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Awa.
Jan 31, 2025Senate
The committee(s) on CPN/EDT has scheduled a public hearing on 02-05-25 9:45AM; Conference Room 229 & Videoconference.
Jan 23, 2025SenateCommittee
Referred to CPN/EDT, WAM.
Jan 21, 2025SenateIntroduced
Passed First Reading.
Jan 17, 2025SenateIntroduced
Introduced.

Version history

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