WA SB6027

Counties and cities may impose a sales and use tax up to 0.1% for affordable housing, with at least 60% of funds required for constructing, acquiring, rehabilitating, or operating affordable housing and behavioral health facilities serving households at or below 60% of median income

Expands allowed uses of housing funds to include operations and maintenance costs of existing affordable housing units and rehabilitation of emergency, transitional, and supportive housing

Authorizes counties and cities to enter interlocal agreements to pool tax receipts, pledge taxes to bonds, and coordinate with public housing authorities for affordable housing purposes

Extends the timeline for qualifying grantees to operate existing housing on property from 1 year to 24 months when claiming real estate excise tax exemptions for low-income housing transfers

Modifies document recording fee distributions, requiring at least 90% of affordable housing for all account funds go toward grants for building operations, maintenance, and supportive services for extremely low-income housing projects (at or below 30% area median income)