Creates the transitional housing operating and rent program in the department of community, trade, and economic development to assist homeless individuals and families secure and retain safe, decent, and affordable housing. The department shall provide grants to eligible organizations, as described in RCW 43.185.060, to provide assistance to program participants.

Creates the transitional housing operating and rent account in the custody of the state treasurer. All receipts from sources directed to the transitional housing operating and rent program must be deposited into the account.