HB1035 - Real Property - Insufficient Condominium Reserve Account Grant Fund - Establishment
Maryland - 2024 Regular Session
Introduced bySamuel I Rosenberg, Dalya Attar, Malcolm Ruff
Last updated 8 months ago
3 Co-Sponsors
Establishing the Insufficient Condominium Reserve Account Grant Fund to provide grants to low-income condominium owners who live in 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 low-income adults aged 65 years or older; and requiring by December 31 annually, low-income unit owners who received grants to make a certain report regarding the reserve account balance.
STATUS
Introduced
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