06/17/2026
How Act 296 unlocked new funding options for O'ahu condo associations 🚦
Getting vital repairs financed just shifted, here’s what O'ahu associations need to know about the new HGIA program and how it’s changing the game for aging buildings.
– HGIA now offers direct loans to condo associations for critical upgrades like roofing, plumbing, and fire protection 🏢
– The state steps in when private lenders say no, giving qualified buildings a chance to tackle repairs that boost safety and insurability
– Only projects that show clear risk reduction and insurance improvement get priority, making it easier for older buildings to secure full coverage
– To qualify, associations need proof they’ve tried and been denied by at least one traditional lender
– Funding is limited and favors shovel-ready projects, so having plans in place helps get approvals moving faster ⏳
– Completing financed work ties directly to restoring full property and hurricane insurance, strengthening protection for owners and communities
– Program outreach is active, associations are being encouraged to take advantage now, before application windows close
Is your association thinking about major building upgrades or worried about insurance? Save this list for your board or property manager.
Windward Properties
REALTOR®, RB-22681
Residential Sales & Property Management
[email protected]
windwardproperties.com