Washington 2025-2026 Regular Session Status: Passed Senate 6 D cosponsors

SB 6028 — Establishing a revolving loan fund for mixed-income affordable homeownership development.

Last action — Public hearing in the Senate Committee on Ways & Means at 4:00 PM.

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill has passed the Senate. Introduced January 07, 2026. It now moves to the second chamber.

Next likely step: consideration and a floor vote in the House.

Odds of enactment

Moderate chance

Based on the sponsor, cosponsors, and committee posture, this bill has a moderate chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 38% · moderate confidence

  • Passed Senate

    Current position in the legislative process.

  • 6 sponsors

    1 primary, 5 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (6 D).

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Bill Text

What changed in the latest version

13 added · 13 removed

Plain-language change summary

In the latest version of Bill SB 6028, the focus has shifted from public funding to private capital, emphasizing that only private capital is now considered for project financing. Additionally, the cap on funding has been lowered from 50% to 20% of the total project costs, and the maximum repayment timeline has decreased from 48 months to 36 months. These changes are important because they aim to encourage more private investment and ensure that projects are financed in a more timely manner, potentially improving overall project delivery.

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S-4054.1 SUBSTITUTE SENATE BILL 6028 State of Washington 69th Legislature 2026 Regular Session By Senate Housing (originally sponsored by Senators Alvarado, Trudeau, Bateman, Conway, Nobles, and C.
S-3677.3 SENATE BILL 6028 State of Washington 69th Legislature 2026 Regular Session By Senators Alvarado, Trudeau, Bateman, Conway, Nobles, and C.
Wilson) READ FIRST TIME 01/22/26.
Wilson Prefiled 01/07/26.
Read first time 01/12/26.
Referred to Committee on Housing.
1 SSB 6028 NEW SECTION.
1 SB 6028 NEW SECTION.
(b) Amount and commitment of public funding and private capital being leveraged as part of the financing for the project;
(b) Amount and commitment of private capital being leveraged as part of the financing for the project;
2 SSB 6028 (a) Not exceed the lesser of $5,000,000 or 50 percent of total project costs of the housing to be developed.
2 SB 6028 (a) Not exceed the lesser of $5,000,000 or 20 percent of total project costs of the housing to be developed.
(6) Loans administered under this section may not include repayment timelines longer than 48 months, except as authorized by policies established by the commission.
(6) Loans administered under this section may not include repayment timelines longer than 36 months, except as authorized by policies established by the commission.
3 SSB 6028 (11) No commission general funds shall be expended to implement this program.
3 SB 6028 (11) No commission general funds shall be expended to implement this program.
4 SSB 6028
4 SB 6028
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Action History

  1. Public hearing in the Senate Committee on Ways & Means at 4:00 PM.

  2. Referred to Ways & Means.

  3. Minority; do not pass.

  4. And refer to Ways & Means.

  5. HSG - Majority; 1st substitute bill be substituted, do pass.

  6. Executive action taken in the Senate Committee on Housing at 10:30 AM.

  7. Public hearing in the Senate Committee on Housing at 10:30 AM.

  8. First reading, referred to Housing.

  9. Prefiled for introduction.

Sponsors

Sponsorship breakdown

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1 sponsors · 5 co-sponsors · 145 not signed on

Sponsors (1)

Co-sponsors (5)

Not signed on (145)

145 members have not signed on to this bill.

Show all 145 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 6028?
SB 6028 is sponsored by Claire Wilson (Democrat), T'wina Nobles (Democrat), Steve Conway (Democrat), Jessica Bateman (Democrat), Yasmin Trudeau (Democrat), and Emily Alvarado (Democrat).
What is the current status of SB 6028?
This bill has passed the Senate. Introduced January 07, 2026. It now moves to the second chamber.
Where can I track SB 6028?
Track SB 6028 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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