Bill > SB5587

This bill requires the Washington Center for Real Estate Research to expand its existing housing reports to include a comprehensive analysis of housing units and needs across different income levels in each county. Starting in October 2026, the reports must assess the estimated existing housing units and housing needs at six specific income brackets ranging from 0-30% to over 120% of the area median income. The bill mandates that these reports also track each county's progress in closing the gap between existing housing units and housing needs, as well as evaluate progress in meeting emergency housing, emergency shelters, and permanent supportive housing requirements. Additionally, the bill modifies public works funding criteria to prioritize projects that encourage infill development or increase affordable housing in counties identified as having a housing unit shortfall. The legislation aims to provide a more detailed and nuanced understanding of housing challenges across Washington state, with a focus on addressing housing affordability and availability across different income levels.