summary
Introduced
01/27/2023
01/27/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
04/12/2024
04/12/2024
Introduced Session
2023-2024 Regular Session
Bill Summary
AN ACT Relating to creating a homes for heroes program; adding a 2 new section to chapter 43.330 RCW; and creating new sections. 3
AI Summary
This bill creates a "homes for heroes" program to provide down payment and closing cost assistance to people employed in certain targeted occupations, such as nurses, first responders, and mental health professionals, who have household incomes below 100% of the state median income. The program will be administered by the Washington State Department of Commerce through a contract with the Housing Finance Commission. The program will provide loans of up to 5% of the first mortgage or $25,000, whichever is less, with no interest, and the loans do not have to be repaid until the first mortgage is paid off or the property is sold, refinanced, rented, or transferred. The total funding for the program is capped at $15 million, and no new loans can be made after June 30, 2025.
Committee Categories
Budget and Finance, Housing and Urban Affairs
Sponsors (24)
April Connors (R)*,
Andrew Barkis (R),
Stephanie Barnard (R),
Jessica Bateman (D),
Dan Bronoske (D),
Mike Chapman (D),
Greg Cheney (R),
Leonard Christian (R),
Beth Doglio (D),
Davina Duerr (D),
Carolyn Eslick (R),
Mary Fosse (D),
Spencer Hutchins (R),
Mark Klicker (R),
Sam Low (R),
Strom Peterson (D),
Julia Reed (D),
Kristine Reeves (D),
Eric Robertson (R),
Skyler Rude (R),
Alicia Rule (D),
Suzanne Schmidt (R),
Jamila Taylor (D),
Joe Timmons (D),
Last Action
By resolution, reintroduced and retained in present status. (on 01/08/2024)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://app.leg.wa.gov/billsummary?BillNumber=1633&Year=2023&Initiative=false |
| Fiscal Note - 1633 HB (Final) | https://fnspublic.ofm.wa.gov/FNSPublicSearch/GetPDF?packageID=67062 |
| BillText | https://lawfilesext.leg.wa.gov/biennium/2023-24/Pdf/Bills/House%20Bills/1633-S.pdf |
| House Bill Report | https://lawfilesext.leg.wa.gov/biennium/2023-24/Pdf/Bill%20Reports/House/1633%20HBR%20HOUS%2023.pdf |
| House Bill Analysis 2023 | https://lawfilesext.leg.wa.gov/biennium/2023-24/Pdf/Bill%20Reports/House/1633%20HBA%20HOUS%2023.pdf |
| BillText | https://lawfilesext.leg.wa.gov/biennium/2023-24/Pdf/Bills/House%20Bills/1633.pdf |
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