WA HB1694

Amends RCW 82.46.035 to remove the January 1, 2026 expiration date for using real estate excise tax revenues on homelessness facilities and affordable housing projects, making this use permanent

Allows counties and cities to use tax revenues for homelessness and affordable housing projects supported through interlocal housing collaborations established under chapter 39.34 RCW

Caps annual spending on homelessness facilities and affordable housing at the greater of $100,000 or 25% of available funds, with a maximum of $1,000,000 per year

Exempts from the spending cap any county or city that used these revenues for homeless housing acquisition, construction, improvement, or rehabilitation prior to June 30, 2019

Requires counties or cities using funds for homelessness and housing projects to document in their comprehensive plans that they have funds for other capital projects (streets, water systems, parks) during the next two years