The bill aims to enhance affordable housing development in counties that are struggling to meet existing housing needs. 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 the private rental housing market, actions taken by cities to address housing needs, and detailed information on development regulations and zoning. A new report due by October 15, 2026, will specifically analyze the estimated existing housing units and needs across various income levels, as well as each county's progress in closing the gap between housing units and needs.

Additionally, the bill modifies the criteria for local governments to qualify for financial assistance for public works projects. It emphasizes the importance of projects that encourage infill development and increase affordable housing in counties identified as having a gap between existing housing units and needs. The maximum funding amount for any jurisdiction is set at $10,000,000 per biennium. The bill also establishes a new section known as the "affordable housing action act," which underscores the legislative intent to address the affordable housing crisis in Washington State.

Statutes affected:
Original Bill: 36.70A.610, 43.155.070
Substitute Bill: 36.70A.610, 43.155.070
Bill as Passed Legislature: 36.70A.610, 43.155.070
Session Law: 36.70A.610, 43.155.070