STATE BILLHI SB 1601ENGROSSED

Relating To Condominiums.

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)

Status: Engrossed; Passed its first chamber
Status date: Mar 4, 2025; 618 days ago
Current chamber: House of Representatives
Session: 2026 Regular Session

HI SB 1601 · EngrossedMar 4

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Bill details

Last action: Carried over to 2026 Regular Session. · Dec 8, 2025
Pending committee: Consumer Protection & Commerce

Sponsor

JKJarrett KeohokaloleSenator · Democrat · SD-024Primary sponsor

Bill history

Newest first.

Dec 8, 2025Carried over to 2026 Regular Session.

Mar 6, 2025Referred to CPC, FIN, referral sheet 19House

Mar 6, 2025Pass First ReadingHouse

Mar 4, 2025Received from Senate (Sen. Com. No. 376) in amended form (SD 2).House

Mar 4, 2025Report 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

Feb 28, 202548 Hrs. Notice 03-04-25.Senate

Feb 28, 2025Reported from WAM/JDC (Stand. Com. Rep. No. 889) with recommendation of passage on Third Reading, as amended (SD 2).Senate

Feb 19, 2025The 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

Show 12 earlier actions

Feb 19, 2025The 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

Feb 14, 2025The committee(s) on WAM/JDC will hold a public decision making on 02-19-25 10:16AM; Conference Room 211 & Videoconference.Senate

Feb 14, 2025Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM/JDC.Senate

Feb 14, 2025Reported 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

Feb 11, 2025The 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

Feb 11, 2025The 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

Feb 7, 2025The committee(s) on CPN/EDT deferred the measure until 02-11-25 1:06PM; Conference Room 229 & Videoconference.Senate

Feb 5, 2025The committee(s) on CPN/EDT deferred the measure until 02-07-25 10:01AM; Conference Room 229.Senate

Jan 31, 2025The committee(s) on CPN/EDT has scheduled a public hearing on 02-05-25 9:45AM; Conference Room 229 & Videoconference.Senate

Jan 27, 2025Referred to CPN/EDT, WAM/JDC.Senate

Jan 27, 2025Passed First Reading.Senate

Jan 23, 2025Introduced.Senate

Recorded votes

Senate Judiciary: Passed, With AmendmentsFeb 19, 2025 · Senate · 4 yea · 0 nayPassed

Senate Ways and Means: Passed, With AmendmentsFeb 19, 2025 · Senate · 13 yea · 0 nayPassed

Senate Economic Development and Technology: Passed, With AmendmentsFeb 11, 2025 · Senate · 5 yea · 0 nayPassed

Senate Commerce and Consumer Protection: Passed, With AmendmentsFeb 11, 2025 · Senate · 4 yea · 0 nayPassed

Subjects

HGIA
Condominium Loan Program
Condominium Loan Loss Reserves Program
Condominium Loan Revolving Fund
Community Development Financial Institutions
Reports
Appropriations ($)

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