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Committee hears testimony that warranty option could unlock stacked‑flat condos and lower insurance costs
Summary
Supporters told the Senate Housing Committee HB 2304 would expand eligibility for a '2‑10' warranty product for certain stacked‑flat condominium projects, which witnesses said could reduce insurance costs and increase affordable ownership opportunities.
House Bill 2304, discussed Feb. 18 before the Senate Housing Committee, would amend the Washington Uniform Common Interest Ownership Act to expand the types of condominium projects eligible for an express warranty product (often called a 2‑10 warranty) to some stacked‑flat and four‑story condominium buildings.
Melissa and other staff briefed the committee on WUCIOA background and the bill’s trailer‑bill purpose to allow express warranties for certain new or…
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