Bill > HB1108

This bill creates a comprehensive housing cost driver analysis task force by directing the Washington State Institute for Public Policy (WSIPP) to conduct an in-depth research study to identify and analyze the primary factors influencing housing costs in Washington state. The study will involve extensive stakeholder engagement, requiring WSIPP to consult with a diverse range of representatives from groups including economists, housing developers (nonprofit and for-profit), builders, labor unions, real estate professionals, local governments, tenants, landlords, lenders, utility providers, and housing authorities. The research will focus on understanding cost drivers for various housing types such as single-family homes, multifamily housing, middle housing, accessory dwelling units, and co-living housing. The Department of Commerce will assist WSIPP by providing necessary data and resources. By December 1, 2026, WSIPP must submit a detailed report to legislative committees outlining its findings. The bill includes a sunset provision, with the task force and its work expiring on June 1, 2027, and includes a contingency that the act will become null and void if specific funding is not allocated in the omnibus appropriations act by June 30, 2025.