Nonprofit low-income housing development

From the 2024 DOR Tax Exemption Study

Home Forms & Publications Publications By Subject Special Notices ESHB 1107 Providing Home Ownership Opportunities For Low-Income Households – Legislative Update (Revised) Print ESHB 1107 Providing Home Ownership Opportunities for Low-Income Households – Legislative Update (Revised) Issue Date July 29, 2019 This special notice adds information to the previous Special Notices published on November 21, 2016, and June 7, 2018. The 2016 Legislature passed Substitute Senate Bill (SSB) 6211 , which took effect June 9, 2016, as RCW 84.36.049 . This act provided a property tax exemption to real property owned by qualifying nonprofit housing developers who create ownership opportunities for low-income households. Specifically, this act exempts real property intended for development and sale of single family residences to low-income households. The 2018 Legislature passed Engrossed Substitute Senate Bill (ESSB) 5143 , which took effect on June 7, 2018, and expands RCW 84.36.049 to include land owned by a qualifying nonprofit housing developer intended for lease to the low-income household of a single-family dwelling unit located on the land. To qualify, the intended land lease must be for li