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WA SB6018
Bill
Status
1/12/2026
Primary Sponsor
Yasmin Trudeau
Click for details
AI Summary
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Amends RCW 43.180 to clarify the Washington State Housing Finance Commission operates as a "constituted authority and financial conduit" that issues nonrecourse revenue bonds without lending state or local government credit
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Expands commission authority to make mortgage loans directly to borrowers, in addition to existing powers to work through mortgage lenders
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Extends the bond counsel selection cycle from every two calendar years to every four calendar years
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Removes the requirement that the chair of the state finance committee be notified in advance of commission bond issuances
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Repeals four statutory sections related to the housing finance program, including provisions on mortgage financing investments, flexible loan underwriting guidelines, program elements, annual legislative reporting requirements, and the housing finance plan (RCW 43.180.070, 43.180.220, 43.180.230, and 43.180.240)
Legislative Description
Concerning the housing finance commission.
Last Action
Senate Rules "X" file.
2/26/2026