The bill aims to enhance affordable housing development in counties that are not meeting the housing needs of their populations. It amends existing laws to require the Washington Center for Real Estate Research to produce a series of reports that assess housing supply and affordability metrics for cities with populations of 10,000 or more. These reports will include analyses of existing housing units and needs across various income levels, as well as progress in closing the gap between housing supply and demand. The reports will be submitted to legislative committees for review and will be updated every two years.

Additionally, the bill modifies the criteria for local governments to qualify for financial assistance under the public works assistance program. It emphasizes the importance of projects that promote affordable housing, particularly in counties identified as having a gap between existing housing units and housing needs. The maximum funding amount for any jurisdiction is set at $10 million per biennium. The bill also introduces new language to prioritize projects that encourage infill development and affordable housing, ensuring that local governments are utilizing all available revenue sources for public works funding. The act is officially titled the Affordable Housing Action Act.

Statutes affected:
Original Bill: 36.70A.610, 43.155.070
Substitute Bill: 36.70A.610, 43.155.070