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HB 1132

Condominiums and Homeowners Associations - Resale Contracts - Notice Requirements (Keeping Affordable Housing Affordable Act)

2026 Regular Session Introduced by Mary Lehman and 3 co-sponsors

HB 1132 mandates HOA resale notice requirements to preserve affordable housing by giving associations opportunity to purchase or restrict resales before market sale.

Second Reading Passed
0
WeVote Research Nonpartisan
Bill Summary · HB 1132

Legislative bill overview

HB 1132 would require condominiums and homeowners associations to provide specific notice requirements when properties are being resold, with the stated goal of preserving housing affordability. The bill imposes new disclosure and notification obligations on HOAs and condo associations during the resale process.

Why is this important

Housing affordability is a critical issue in Maryland, and resale restrictions or right-of-first-refusal requirements can impact property values and market dynamics. The notice requirements would affect thousands of Maryland homeowners in HOA-governed communities and could influence how quickly properties change hands and at what prices.

Potential points of contention

  • Property rights vs. affordability: Critics may argue that mandatory HOA purchase rights or extended notice periods infringe on sellers' ability to quickly sell at market rates, while supporters contend such measures prevent speculation and displacement.
  • Implementation costs: HOAs and condo associations would bear administrative burdens and potential legal liability for compliance, which could increase fees for residents.
  • Market efficiency concerns: Lengthy notice requirements or mandatory offer periods could discourage investment in these properties, potentially depressing values in affordable housing markets rather than stabilizing them.

Compiled from official sources — confirm details with the bill’s official record.

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