How HB 2227 changes current law

Compared against the Revised Code of Washington as published AI-generated reading aid — verify against the official bill.

This bill amends 1 section(s) of the Revised Code of Washington: RCW 82.45.010.

• RCW 82.45.010

  self-help self-help Self-help whose ownership requirement includes labor participation. "Self-help housing" → residential property and must include a copy of the transfer agreement and any other documentation as required by the department. (u)(i) The sale by an affordable homeownership facilitator of ownership housing to a low-income household. (ii) The definitions in this subsection (3)(u) apply to this subsection (3)(u) unless the context clearly requires otherwise. (A) "Affordable homeownership facilitator" means a nonprofit community or neighborhood-based organization that is exempt from income tax under Title 26 U.S.C. Sec. 501(c) of the internal revenue code of 1986, as amended, as of October 1, 2019, and that is the developer of ownership housing. (B) "Low-income" means household income as defined by the department, provided that the definition may not exceed 80 percent of median household income, adjusted for household size, for the county in which the dwelling is located. (C) " Ownership housing" means dwelling residences provided for ownership by low-income individuals and families ⟦INS⟧and qualifying grantee must provide proof to the department as required by the department once he requirements as described in (v)(i)(A), (B), or (C) of this subs ction have been satisfied. (v) For the purpose of this subsection (3)(v), "low-income" has the same meaning as in ( ) of this subsection. (w)(i) Beginning Ja ary 1, 2026, the sale of qualified space in a development that qual fies for a property tax exemption under RCW 84.36.560, 84.36.049, 5.82.210, 35.21.755, or 84.36.010 to a nonprofit organization, a housing authority, or public corporation for use for an exempt co munity purpose. (ii) For the purpo s of this subsection (3)(w), the following definitions apply: (A) "Affordable ho ing development" means a development with housing provided to hou holds with a household income that does not exceed 80 percent of m ian household income at initial occupancy, adjusted for household ze, for the county in which the dwelling is located. (B) "Exempt communit purpose" means any use to provide a service that benefits affordabl housing development tenants or the public including, but not limi d to, health clinics, senior day care, food banks, community centers and early learning facilities. (C) "Nonprofit orga ization" means an organization exempt from taxation under section 1(c)(3) of the internal revenue code of 1986 (26 U.S.C. Sec. 501(c)(3 ), as amended. (D) "Qualified spac means any portion of an affordable housing development that is cessible to tenants or the public that constitutes a separate gal parcel of property under chapter 64.32, 64.34, or 64.90 RCW.

  amended