Loading chat...

WA SB6018

Bill

Status

Introduced

1/12/2026

Primary Sponsor

Yasmin Trudeau

Click for details

Origin

Senate

2025-2026 Regular Session

AI Summary

  • 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

  • Expands commission authority to make mortgage loans directly to borrowers, in addition to existing powers to work through mortgage lenders

  • Extends the bond counsel selection cycle from every two calendar years to every four calendar years

  • Removes the requirement that the chair of the state finance committee be notified in advance of commission bond issuances

  • 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

Committee Referrals

Rules2/9/2026
Ways & Means1/22/2026
Housing1/12/2026

Full Bill Text

No bill text available