Legislation - HB0453

Title: Real Property - Insufficient Condominium Reserve Account Grant Fund - Establishment
Sponsored by: Delegates Rosenberg, Ruff, and Stinnett
Status: In the House - First Reading Economic Matters
Analysis

Synopsis

Establishing the Insufficient Condominium Reserve Account Grant Fund to provide grants to low-income unit owners of condominiums with insufficient reserve accounts to enable a low-income unit owner to pay increased assessments necessary for a condominium association to meet reserve account funding requirements; requiring that the Fund prioritize certain older adults; requiring the Secretary of the Department of Housing and Community Development to establish certain procedures, publicize the Fund and prioritize older owners; etc.

Committees

Original:: Economic Matters

Details

Introduced in a prior session as: HB1411 Session: 2025 Regular Session

Bill File Type: Regular

Effective Date(s): October 1, 2026

History

Legislation History
Chamber House Calendar Date 1/23/2026 Legislative Date 1/23/2026 Action First Reading Economic Matters Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Real Property - Insufficient Condominium Reserve Account Grant Fund - Establishment Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/23/2026	1/23/2026	First Reading Economic Matters
			Text - First - Real Property - Insufficient Condominium Reserve Account Grant Fund - Establishment

File Code

Subjects

Statutes