WA SB5725

Authorizes the State Board for Community and Technical Colleges to enter into long-term leases of at least 50 years on underutilized college land for affordable housing development, with restrictive covenants preventing conversion to other uses

Permits colleges to sell, lease, or transfer property at below fair market value to government entities or nonprofit corporations committed to providing affordable housing for at least 50 years

Exempts community and technical colleges from standard state surplus property disposal requirements when developing affordable housing projects

Creates a leasehold tax exemption for affordable housing on college land when 100% of units serve low- and moderate-income households and the lease term is at least 99 years

Allows affordable housing projects on college property to share parking, utilize college roads, and connect to site utilities, with colleges permitted to charge reasonable fees for these services