Established in 1986, the Washington Housing Trust Fund (HTF) program provides grants or loans to help communities develop and preserve affordable housing to meet the needs of low-income and special needs populations. Since 1986, the HTF has awarded over $1 billion in funding and helped build or preserve over 50,000 units of affordable housing statewide.
The definition of "first-time home buyer" in the statute governing the HTF program is an individual or his or her spouse or domestic partner who has not owned a home during the prior three-year period. The 2021-23 biennial capital budget includes an expanded definition for "first-time home buyer" for the HTF appropriation to include an individual who meets any of the following:
The expanded definition of "first-time home buyer" governing the HTF in the 2021-23 biennial capital budget is codified into ongoing statutory law.