RCW 43.180.230: Housing finance program

RCWs > Title 43 > Chapter 43.180 > Section 43.180.230

These documents are currently being revised to incorporate the changes made during the 2024 Legislative Session. Please consult the Sections Affected Table for changes made during the 2024 Legislative Session.

43.180.220 << 43.180.230 >> 43.180.240

PDFRCW 43.180.230

Housing finance program—Program elements.

The housing finance program developed under RCW 43.180.220 shall:

(1) Be limited to borrowers with incomes that do not exceed one hundred fifteen percent of the state or county median family income, whichever is higher, adjusted for family size;

(2) Be limited to first-time homebuyers as defined in RCW 43.185A.010;

(3) Be targeted so that priority is given to low-income households as defined in RCW 43.185A.010;

(4) To the extent funds are made available, provide either downpayment or closing costs assistance to households eligible for assistance under chapter 43.185A RCW and this chapter; and

(5) Provide notification to active participants of the state retirement systems managed by the department of retirement systems under chapter 41.50 RCW.

[ 1994 c 235 § 2.]

NOTES:

Severability—1994 c 235: See note following RCW 43.180.220.