HB 807 Hawaii House · 2026 Regular Session

RELATING TO CONDOMINIUMS.

Summary

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. Appropriates funds. Effective 7/1/3000. (SD1)

Bill status passed both 4 of 5 stages cleared

Introduction

Jan 2025

Committee Review

Mar 2025

House Passage

Mar 2025

Senate Passage

Mar 2025

Governor

Introduced Jan 17, 2025 Last action Dec 8, 2025

Maddy AI version diff · 3 comparisons

What changed between versions

HB807_HD2 → HB807_SD1 · 8 edits

MODERATE

The bill was updated from the House version (HD2) to the Senate version (SD1), introducing significant clarifications to definitions and expanding eligibility criteria for loans. Key changes include specifying the federal agency responsible for certifying financial institutions, adding 'hurricane' insurance to the required coverage, and allowing a single financial institution to participate in the program alongside consortia.

Scope change

The bill's scope expanded to explicitly include hurricane insurance coverage requirements and broadened the types of financial institutions eligible to participate in the loan loss reserves program.

DEFINITION

Clarified that 'Community development financial institution' must be certified by the United States Department of the Treasury's Community Development Financial Institutions Fund.

Updated 'Condominium association' and 'Condominium project' definitions to reference section 514B-3 instead of section 514B-3.

ELIGIBILITY

Added 'hurricane' to the list of required insurance coverages for condominium associations seeking loans.

Changed the eligibility requirement from 'Has obtained' to 'Obtained' to clarify the timing of insurance acquisition relative to financing conditions.

Expanded participation rules to allow a single community development financial institution or a consortium to participate in the program.

REQUIREMENT

Replaced the placeholder percentage for the maximum reserve account limit with a specific value of five per cent.

Changed the wording regarding state liability to remove the phrase 'for payment of' while retaining the prohibition on state liability for loan obligations.

TECHNICAL

Updated the bill title to include 'Reports' and changed the effective date placeholder from 7/1/3000 to 7/1/3000.

Floor votes

How they voted

This bill passed the Senate. No roll call record of that vote is available.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 27, 2025

Upper · Passed

The committee(s) on WAM will hold a public decision making on 04-01-25 10:01AM; Conference Room 211 & Videoconference.

upper

Mar 21, 2025

Upper · Passed

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

upper

Mar 21, 2025

Committee

Reported from CPN (Stand. Com. Rep. No. 1337) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Mar 19, 2025

Upper · Passed

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.

upper

Mar 7, 2025

Upper · Passed

The committee(s) on CPN has scheduled a public hearing on 03-14-25 9:30AM; Conference Room 229 & Videoconference.

upper

Mar 6, 2025

Committee

Referred to CPN, WAM.

upper

Mar 6, 2025

Introduced

Received from House (Hse. Com. No. 288).

upper

Mar 4, 2025

Lower · Passed

Passed 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.

lower

Feb 21, 2025

Lower · Passed

The 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.

lower

Feb 14, 2025

Committee

Reported from CPC (Stand. Com. Rep. No. 675) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

lower

Feb 11, 2025

Lower · Passed

The 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.

lower