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HI SB3281

Bill

Status

Introduced

1/26/2022

Primary Sponsor

Sharon Moriwaki

Click for details

Origin

Senate

2022 Regular Session

AI Summary

  • Increases the minimum percentage of residential condominium units that must be offered to prospective owner-occupants during the initial 30-day sales period from 50% to 90%

  • Applies the 90% requirement across three Hawaii Revised Statutes sections: Section 514B-95.5 (announcement/advertisement), Section 514B-96 (developer designation), and Section 514B-98 (sale restrictions)

  • Requires units offered to owner-occupants to constitute a proportionate representation of all residential units regarding square footage, bedrooms, bathrooms, floor level, and lanai availability

  • Maintains existing exception for condominium conversions of existing structures, which must first be offered to current occupants who submit an owner-occupant affidavit and earnest money deposit

  • Takes effect upon approval

Legislative Description

Relating To Condominiums.

Sale

Last Action

The committee on CPN deferred the measure.

2/23/2022

Committee Referrals

Commerce and Consumer Protection2/10/2022
Housing1/28/2022

Full Bill Text

No bill text available