The bill aims to expand opportunities for affordable housing developments on properties owned by religious organizations in Washington State. It amends existing laws to require cities to allow increased density bonuses for affordable housing projects, ensuring that at least 50 percent of the housing units are set aside for low-income households. The bill mandates that these developments must be part of a binding obligation to maintain affordable housing for at least fifty years, even if the religious organization no longer owns the property. Additionally, it emphasizes non-discrimination in housing based on various factors and encourages collaboration with local transit agencies to provide necessary services.

Furthermore, the bill introduces tax exemptions for labor and materials used in constructing or improving affordable housing projects that meet the specified criteria. These exemptions apply to projects where at least 50 percent of the units are designated as affordable housing and are limited to developments owned or partnered with recognized nonprofit religious organizations. The bill also establishes definitions for terms such as "affordable housing" and "low-income household," and sets expiration dates for certain provisions, with the tax exemptions taking effect on October 1, 2025, and expiring on January 1, 2036.

Statutes affected:
Original Bill: 35.63.280, 35.21.915, 35A.21.360, 36.01.290
Substitute Bill: 35.63.280, 35.21.915, 35A.21.360