2025 Regular Session • Hawaii Legislature

SB1601: Relating To Condominiums.

Legislative Summary

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. 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)

Demographic Impact

Overall analysis of equity impact

80% Positive

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Bill History

1/23/2025

Introduced.

Senate

1/27/2025

Passed First Reading.

Senate

1/27/2025

Referred to CPN/EDT, WAM/JDC.

Senate

1/31/2025

The committee(s) on CPN/EDT has scheduled a public hearing on 02-05-25 9:45AM; Conference Room 229 & Videoconference.

Senate

2/5/2025

The committee(s) on CPN/EDT deferred the measure until 02-07-25 10:01AM; Conference Room 229.

Senate

2/7/2025

The committee(s) on CPN/EDT deferred the measure until 02-11-25 1:06PM; Conference Room 229 & Videoconference.

Senate

2/11/2025

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, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Richards.

Senate

2/11/2025

The 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.

Senate

2/14/2025

Reported from CPN/EDT (Stand. Com. Rep. No. 639) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM/JDC.

Senate

2/14/2025

Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM/JDC.

Senate

2/14/2025

The committee(s) on WAM/JDC will hold a public decision making on 02-19-25 10:16AM; Conference Room 211 & Videoconference.

Senate

2/19/2025

The 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.

Senate

2/19/2025

The 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.

Senate

2/28/2025

Reported from WAM/JDC (Stand. Com. Rep. No. 889) with recommendation of passage on Third Reading, as amended (SD 2).

Senate

2/28/2025

48 Hrs. Notice 03-04-25.

Senate

3/4/2025

Report adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.

Senate

3/4/2025

Received from Senate (Sen. Com. No. 376) in amended form (SD 2).

House of Representatives

3/6/2025

Pass First Reading

House of Representatives

3/6/2025

Referred to CPC, FIN, referral sheet 19

House of Representatives

Roll Call Votes

Senate Judiciary: Passed, With Amendments

2/19/2025

Yea

Nay

Not Voting

Absent

Result: PASSED

Senate Ways and Means: Passed, With Amendments

2/19/2025

Yea

Nay

Not Voting

Absent

Result: PASSED

Senate Economic Development and Technology: Passed, With Amendments

2/11/2025

Yea

Nay

Not Voting

Absent

Result: PASSED

Senate Commerce and Consumer Protection: Passed, With Amendments

2/11/2025

Yea

Nay

Not Voting

Absent

Result: PASSED

Status Information

Current Status

Engrossed(3/4/2025)

Chamber

House of Representatives

Committee

Consumer Protection & Commerce(House of Representatives)

SB1601: Relating To Condominiums.

Legislative Summary

Demographic Impact

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Bill History

Roll Call Votes

Status Information

Sponsors

Primary Sponsor

Documents

External Links