_______________________________________________
SENATE
BILL 6729
_______________________________________________
AS
AMENDED BY THE HOUSE
Passed
Legislature - 1998 Regular Session
State of Washington 55th
Legislature 1998 Regular Session
By
Read first time 01/30/98.
Referred to Committee on Financial Institutions, Insurance & Housing.
Financing
senior housing.
AN
ACT Relating to financing needs for senior housing; creating new sections;
providing an expiration date; and declaring an emergency.
BE IT ENACTED BY THE
LEGISLATURE OF THE STATE OF WASHINGTON:
NEW
SECTION. Sec. 1. The
legislature finds that the availability of safe and affordable housing is vital
to low-income senior citizens and persons with disabilities. The legislature
further finds that the availability of low-cost financing is necessary for the
development or preservation of housing for seniors and persons with
disabilities. The legislature further finds that many existing housing
developments for seniors and persons with disabilities are in need of
renovation. The legislature further finds that there is a need to explore
alternative financing techniques to cover the cost of development or renovation
of housing for seniors and persons with disabilities. It is the intent of the
legislature to create the task force on financing housing for seniors and
persons with disabilities to explore alternative financing techniques for the
development and renovation of housing developments in Washington for low-income
seniors and persons with disabilities.
NEW
SECTION. Sec. 2. (1)
There is created the task force on financing senior housing and housing for
persons with disabilities to consist of thirteen members. The task force
consists of the following members:
(a)
The director of the department of community, trade, and economic development or
the director's designee, who serves as an ex officio member and as chair;
(b)
The executive director of the Washington state housing finance commission or
the director's designee, who serves as an ex officio member;
(c)
The secretary of the department of social and health services or the
secretary's designee, who serves as an ex officio member;
(d)
Three representatives from organizations involved in the management of senior
housing developments, one of which must be from an organization involved in the
ownership of senior housing developments;
(e)
Two representatives from financial institutions involved in financing senior
housing developments, one of which must be from an investment and banking firm
involved in financing federally insured senior housing developments;
(f)
One representative from a mobile home owners association that represents
seniors;
(g)
One representative from a mobile home park owners association;
(h)
Two representatives from state-wide organizations that represent persons with
disabilities; and
(i)
One representative from a public housing authority.
(2)
The director of the department of community, trade, and economic development
shall appoint all nonex officio members to the task force on financing senior
housing and housing for persons with disabilities. The vice-chair of the task
force is selected by majority vote of the task force members. The members of
the task force on financing senior housing and housing for persons with
disabilities serve without compensation.
(3)
The department of community, trade, and economic development, the department of
social and health services, and the Washington state housing finance commission
shall supply such information and assistance as is necessary for the task force
on financing senior housing and housing for persons with disabilities to carry
out its duties under section 3 of this act.
(4)
The department of community, trade, and economic development, the department of
social and health services, and the Washington state housing finance commission
shall provide administrative and clerical assistance to the task force on
financing senior housing and housing for persons with disabilities.
NEW
SECTION. Sec. 3. The
task force on financing senior housing and housing for persons with
disabilities shall by December 15, 1998, prepare and submit to the house of
representatives committee on trade and economic development and the senate
committee on financial institutions, insurance and housing a progress report on
the findings and recommendations required under chapter 383, Laws of 1997. The
task force may also make additional recommendations on financial and regulatory
techniques designed to assist in the construction of new facilities or
renovation of existing housing facilities for seniors and persons with
disabilities.
NEW
SECTION. Sec. 4. This
act is necessary for the immediate preservation of the public peace, health, or
safety, or support of the state government and its existing public
institutions, and takes effect immediately.
NEW
SECTION. Sec. 5. This
act expires February 1, 1999.
