What initiative strengthens the rights of existing and prospective condominium owners?

The correct choice, which is the Consumer Protection initiative, is significant because it encompasses a broad array of regulations and policies designed to enhance the rights of both current and potential condominium owners. This initiative focuses on ensuring transparency in transactions, safeguarding against unfair practices, and providing necessary information to consumers about their rights and obligations.

By empowering condominium owners and prospective buyers, this initiative seeks to create a fairer marketplace, encouraging informed decisions and protecting consumers from potential exploitation. This is especially crucial in the context of condominium management, where owners place a great deal of trust in property management companies and the governing bodies of their associations.

The other options, while they may provide support in different avenues, do not have the same comprehensive framework specifically dedicated to the rights and interests of condominium owners. For instance, while the Condominium Fairness Act may address certain aspects of fairness in condominium dealings, it may not encompass the entirety of protections and rights outlined under the broader consumer protection framework.