Condominiums - Buildings More Than 40 Years Old - Study

HB 956 requires Maryland's Department of Housing and Community Development to study condominium buildings over 40 years old. The study must collect specific data, including the number of such buildings and units, owner ages and incomes, reserve fund status, and the timing of recent reserve studies. The department must report findings to the legislature by December 1, 2026, and the bill expires automatically on June 30, 2027. This is a procedural study bill with no immediate policy changes; it only gathers data on existing older condominium buildings.