EHB 1398 -
By Senator Benton
NOT CONSIDERED 05/25/2011
On page 2, line 4 of the amendment, after "housing." strike "The covenant must provide" and insert "At a minimum, the covenant must address price restrictions and household income limits for the low-income housing, and"
On page 2, line 28 of the amendment, after "development;" strike "and"
On page 2, line 33 of the amendment, after "deficiencies" insert ";
and
(8) For purposes of this section, "low-income housing" means
housing with a monthly housing expense, that is no greater than thirty
percent of eighty percent of the median family income adjusted for
family size, for the county where the project is located, as reported
by the United States department of housing and urban development"
EFFECT: Provides a definition of low-income housing and requires the developer's recorded covenant to include restrictions on rental payments and household income.