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Advocates tell committee limited‑equity cooperative changes will preserve long‑term affordability
Summary
Supporters of Second Substitute House Bill 25‑90 said exempting limited‑equity cooperatives from some WACOIA provisions and aligning law with cooperative governance will help preserve affordable homeownership and stabilize manufactured‑housing communities.
Second Substitute House Bill 25‑90 drew testimony Feb. 20 from cooperative developers and attorneys who said the bill would allow limited‑equity cooperatives (LECs) to operate under governing documents that reflect their shared‑ownership model and would preserve long‑term affordability.
Melissa Van Gorkam summarized staff analysis and said the bill…
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