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Senate committee considers bill to bar officers and family members from benefitting from commerce grants
Summary
SB 6,205 would prohibit officers or their family members from having a beneficial interest or receiving compensation in grants distributed under the community reinvestment account, the affordable housing program, or the covenant homeownership program, and require biannual program evaluations and prioritization of by‑and‑for community organizations.
Senate Bill 6,205, introduced by Senator John Braun, would bar an officer or an officer's family member from directly or indirectly receiving financial benefits connected to grant distributions under three programs administered by Commerce and the Washington State Housing Finance Commission: the community reinvestment account, the affordable housing program, and the covenant homeownership program.
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