Washington Legislature approves tax break for affordable housing built on state land
Washington’s Department of Natural Resources wants to build more affordable housing on state lands.
A bill that passed the Legislature on Thursday may help them do just that by providing new tax exemptions. House Bill 2003 passed the state House of Representatives 95-2 and the Senate unanimously. It now heads to Gov. Jay Inslee’s desk.
“This bill will increase the affordable housing inventory,” Sen. Patty Kuderer, D-Bellevue, said on the floor. “It targets the demographics that we really need to target.”
The proposal is part of a broader push by the department to build more housing on its “transition lands.” In general, this is land that is unsuitable for logging, which is how the department generates revenue from most of the land it manages.
https://washingtonstatestandard.com/2024/03/01/affordable-housing-tax-break-washington/
