AHAB is required to submit a report to the legislature by Dec. 1, 2022, that will include:

• An assessment of the current housing market and affordability of condominium conversions, especially for first-time homebuyers
• Statutory, regulatory, financial, or other barriers to condominium conversions as a viable source of housing supply for first-time home buyers;
• Impacts to tenants caused by the conversion of multifamily buildings to condominium ownership, and the adequacy of programs and resources for tenant rental relocation and other assistance
• Programs in other states using condominium ownership as a first-time homeownership opportunity, including those focused on employer-specific programs for certain public service occupations in high-cost areas
• Specific areas in counties subject to the buildable lands reviews and evaluation program where condominium conversion could provide first-time home buyer opportunities close to light rail, express bus service, or other forms of mass transit
• Condominium association concerns, including board accountability, fee collection, effective communication, representation regarding covenants, lien and foreclosure fairness, and insurance claim impartiality