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Senate committee hears bill to modernize Housing Finance Commission authority
Summary
SB 6,018 would update the Housing Finance Commission statute to allow additional financing tools, clarify bond counsel cycles and remove outdated restrictions; commission and banking representatives said they are refining language to avoid unintended first‑mortgage lending authority.
The Senate Housing Committee took testimony on SB 6,018 on Jan. 16, a bill that would modernize the statute governing the Washington State Housing Finance Commission.
Sponsor Senator M. Trudeau said the bill responds to the commission’s need for more flexible financing tools to support affordable‑housing development and clarified that the commission is not seeking authority for first‑mortgage homebuyer lending. "We heard feedback about…
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