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State Land Use Enacted Legislation
| Bill # | State | Year | Party | Topic |
|---|---|---|---|---|
HB 1695 |
WA | 2023 | D | Affordable housing incentives and financing, Publicly-owned |
Provided by Furman
Summary
- Updates the definition of “affordable housing” as a permissible public benefit purpose for which state or local governments are authorized to dispose of surplus public property.
- Specifies that “affordable housing” can include rental housing or permanently affordable homeownership.
- For rental housing, the cost of rent and utilities, other than telephone, does not exceed 30 percent of the household’s monthly income.
- For permanently affordable homeownership, the cost of mortgage principal, interest, property taxes, homeowner’s insurance, homeowner’s association fees, and land lease fees, as applicable, does not exceed 38 percent of the household’s monthly income, and total household debt does not exceed 45 percent of the monthly household income.
Provided by lawmakers
Bill Title
Defining affordable housing for purposes of using surplus public property for public benefit.
Related resources
Enacted Legislation Related Posts
Research and analysis from the Furman Center on this and related housing policy topics.
