2753-S AMH ORWA SNEL 025
SHB 2753 - H AMD 1041
By Representative Orwall
ADOPTED 2/10/2010
On page 1, after line 6, insert the following:
"NEW SECTION. Sec. 1. This act may be known and cited as the Washington works housing act of 2010."
Renumber the sections consecutively and correct any internal references accordingly. Correct the title.
On page 1, line 10, after "exceed" strike "((six))
seven" and insert "six"
On page 2, line 1, after "(2)" strike all material through "workforce" on line 6 and insert "(a) The Washington works housing program is created to increase opportunities for nonprofit organizations and public agencies to purchase, acquire, build and own real property to be used for affordable housing for low and moderate-income households. The Washington works housing program is intended to provide access to new funding mechanisms and build long-term community equity by increasing the stock of permanently affordable housing owned by nonprofit organizations and public agencies.
(b) The Washington works"
On page 2, line 11, after "with a" strike "state"
On page on page 2, line 17 strike "(a)" and insert "(c)"
On page 2, line 27, strike "(b)" and insert "(d)"
On page 3, line 1, strike "(c)" and insert "(e)"
Correct any internal references accordingly.
On page 3, line 8, after "(3)" strike "If no state" and insert "One billion dollars of the outstanding indebtedness of the commission is for the primary purpose of implementing the Washington works housing program.
(4) If no"
On page 3, line 13, after "exhausted or" strike "state"
EFFECT: Names the act the Washington Works Housing Act of 2010.
Removes the Housing Finance Commission's increase of outstanding debt.
Changes the name of the Workforce Housing Program to the Washington Works Housing Program.
Adds the intent to provide access to new funding mechanisms and build long-term community equity.
Removes references to "state" subsidies.
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