BILL REQ. #:  H-3709.1 

Prefiled 1/6/2006. Read first time 01/09/2006.   Referred to Committee on Housing.

     AN ACT Relating to creating a veteran homeownership program; and adding a new section to chapter 43.180 RCW.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION.  Sec. 1   A new section is added to chapter 43.180 RCW to read as follows:
     The Washington state housing finance commission shall create and implement a veteran homeownership program to assist the following individuals purchase a home: (1) Washington state veterans who are eligible for Washington veterans' benefits; (2) members and former members of the Washington national guard and reserve who have completed six years of continuous service under honorable conditions; and (3) never remarried spouses and dependent children of deceased, eligible veterans. The program shall also assist veterans, who are suffering from a disability that is a result of an injury incurred or disease aggravated by or contracted in the line of duty, make adaptations to a home to be purchased or currently owned when such adaptations are necessary to accommodate the disability. The commission shall adopt rules providing procedures to assure that bond proceeds available for the veteran homeownership program be made available to qualified mortgagors in a fair and equitable manner. The veteran homeownership program shall be implemented by January 2007.