Everyone in Washington deserves access to a safe, healthy, affordable home. Tell your legislators to to take bold action to house all our neighbors.
Invest $10 Million into the Housing Trust Fund for preservation of affordable homes.
This would preserve affordable homes already subsidized but at risk of loss. Funds could be used for the preservation of all units at risk of loss, including USDA properties in rural communities and homes funded with Low Income Housing Tax Credits.
Allow the local option for a 1/10 of 1% sales tax increase for affordable housing to be implemented by local elected officials.
In 2015, the Legislature authorized cities and counties to implement a sales tax for affordable housing, but using the option requires an electoral process that is expensive and time-consuming. House Bill 1590 and Senate Bill 6126 would allow jurisdictions to use this option with a simple majority vote of the city or county council.
Create a Real Estate Excise Tax exemption for selling to a nonprofit who acquires it for affordable housing.
SB 6366/ HB 2634 providing a Real Estate Excise Tax (REET) exemption when selling to a nonprofit or public housing authority for affordable housing will incentivize preserving or developing affordable homes.
Fix the property tax exemption for affordable rental housing for very low- income households.
HB 2384/ SB 6232 would allow this exemption to apply to more tenants and eliminate the wildcard of future tax liability by allowing a tenant to increase their income without it triggering a tax liability for the property.