HRS §514D-11
State program helps condos get repair loans
Read the official text at capitol.hawaii.gov ↗This section creates a state program to help condominium associations get loans for maintenance and repairs. The program works with community development financial institutions. The state puts money into a reserve account to cover some losses if those loans are not repaid.
condominium associationsfinancial institutions
The statute, as written — Condominium loan loss reserves program
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
(a) There is established within the authority the condominium loan loss reserves program to incentivize community development financial institutions, in accordance with this part, to provide loans at competitive rates and terms to condominium associations for the purpose of allowing condominium associations to perform maintenance or make necessary repairs. (b) The authority shall use moneys in the condominium loan revolving fund to make deposits into a participating community development financial institution's reserve account in an amount specified by this part to be a source of moneys the participating community development financial institution may receive as reimbursement for losses attributable to loans in the condominium loan loss reserves program.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.