Bill > HB1075

This bill modifies existing Washington state law to expand the powers and capabilities of public housing authorities in financing and developing affordable housing. The bill primarily amends RCW 35.82.070 to provide more flexibility for housing authorities in creating, managing, and financing housing projects. Key changes include allowing housing authorities to participate in more diverse financial arrangements, such as partnerships and joint ventures, and expanding their ability to develop housing for low-income individuals. Specifically, the bill clarifies requirements for developments financed by housing authorities, including stipulating that for for-profit entities, at least 50% of units must be rented to people earning 80% or less of the area median income. The bill also provides more nuanced rules for nonprofit and governmental entities developing housing, allowing them more flexibility in ownership structures and pricing. Additionally, the legislation permits housing authorities to contract with property management services, invest funds, and exercise powers across different jurisdictions, all with the overarching goal of increasing affordable housing supply and supporting low-income residents. The changes are designed to give housing authorities more tools to address housing shortages and create affordable housing options.

Housing and Urban Affairs

https://app.leg.wa.gov/billsummary?BillNumber=1075&Year=2025&Initiative=false