Real Property - Insufficient Condominium Reserve Account Grant Fund - Establishment

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.