AN ACT Relating to the
housing trust fund; and amending RCW 43.185.050, 43.185.060, 43.185A.030, and
43.185A.040.
BE IT ENACTED BY THE
LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1. RCW 43.185.050 and 1991 c
356 s 4 are each amended to read as follows:
(1) The department
shall use moneys from the housing trust fund and other legislative
appropriations to finance in whole or in part any loans or grant projects that
will provide housing for persons and families with special housing needs and
with incomes at or below fifty percent of the median family income for the
county or standard metropolitan statistical area where the project is located.
At least thirty percent of these moneys used in any given funding cycle shall
be for the benefit of projects located in rural areas of the state as defined
by the department ((of community development)). If the department
determines that it has not received an adequate number of suitable applications
for rural projects during any given funding cycle, the department may allocate
unused moneys for projects in nonrural areas of the state.
(2) Activities eligible
for assistance from the housing trust fund and other legislative appropriations
include, but are not limited to:
(a) New construction,
rehabilitation, or acquisition of low and very low-income housing units;
(b) Rent subsidies;
(c) Matching funds for
social services directly related to providing housing for special-need tenants
in assisted projects;
(d) Technical
assistance, design and finance services and consultation, and administrative
costs for eligible nonprofit community or neighborhood-based organizations;
(e) Administrative
costs for housing assistance groups or organizations when such grant or loan
will substantially increase the recipient's access to housing funds other than
those available under this chapter;
(f) Shelters and
related services for the homeless;
(g) Mortgage subsidies,
including temporary rental and mortgage payment subsidies to prevent
homelessness;
(h) Mortgage insurance
guarantee or payments for eligible projects;
(i) Down payment or
closing cost assistance for eligible first-time home buyers;
(j) Acquisition of
housing units for the purpose of preservation as low-income or very low-income
housing; and
(k) Projects making
housing more accessible to families with members who have disabilities.
(3) Legislative
appropriations from capital bond proceeds ((and moneys from repayment of
loans from appropriations from capital bond proceeds)) may be used only for
the costs of projects authorized under subsection (2) (a), (i), and (j) of this
section, and not for the administrative costs of the department.
(4) Moneys from
repayment of loans from appropriations from capital bond proceeds may be used
for all activities necessary for the proper functioning of the housing
assistance program except for activities authorized under subsection (2) (b)
and (c) of this section.
(5) Administrative
costs of the department shall not exceed four percent of the annual funds
available for the housing assistance program.
Sec. 2. RCW 43.185.060 and 1991 c
295 s 1 are each amended to read as follows:
Organizations that may
receive assistance from the department under this chapter are local
governments, local housing authorities, regional support networks established
under chapter 71.24 RCW, nonprofit community or neighborhood-based organizations,
federally recognized Indian tribes in the state of Washington, and
regional or state-wide nonprofit housing assistance organizations.
Eligibility for
assistance from the department under this chapter also requires compliance with
the revenue and taxation laws, as applicable to the recipient, at the time the
grant is made.
Sec. 3. RCW 43.185A.030 and 1991
c 356 s 12 are each amended to read as follows:
(1) Using moneys
specifically appropriated for such purpose, the department shall finance in
whole or in part projects that will provide housing for low-income households.
(2) Activities eligible
for assistance include, but are not limited to:
(a) New construction,
rehabilitation, or acquisition of housing for low-income households;
(b) Rent subsidies in
new construction or rehabilitated multifamily units;
(c) Down payment or
closing costs assistance for first-time home buyers;
(d) Mortgage subsidies
for new construction or rehabilitation of eligible multifamily units; and
(e) Mortgage insurance
guarantee or payments for eligible projects.
(3) Legislative
appropriations from capital bond proceeds ((and moneys from repayment of
loans from appropriations from capital bond proceeds)) may be used only for
the costs of projects authorized under subsection (2)(a), (c), (d), and (e) of
this section, and not for the administrative costs of the department.
(4) Moneys from
repayment of loans from appropriations from capital bond proceeds may be used
for all activities necessary for the proper functioning of the affordable
housing program except for activities authorized under subsection (2)(b) of
this section.
(5) Administrative
costs of the department shall not exceed four percent of the annual funds
available for the affordable housing program.
Sec. 4. RCW 43.185A.040 and 1991
c 356 s 13 are each amended to read as follows:
Organizations that may
receive assistance from the department under this chapter are local
governments, local housing authorities, nonprofit community or
neighborhood-based organizations, federally recognized Indian tribes in the
state of Washington, and regional or state-wide nonprofit housing
assistance organizations.
Eligibility
for assistance from the department under this chapter also requires compliance
with the revenue and taxation laws, as applicable to the recipient, at the time
the grant is made.
