RCW 43.180.230
Housing finance program—Program elements.
The housing finance program developed under RCW 43.180.220 shall:
(1) Be limited to borrowers with incomes that do not exceed one hundred fifteen percent of the state or county median family income, whichever is higher, adjusted for family size;
(2) Be limited to first-time home buyers as defined in RCW 43.185A.010;
(3) Be targeted so that priority is given to low-income households as defined in RCW 43.185A.010;
(4) To the extent funds are made available, provide either downpayment or closing costs assistance to households eligible for assistance under chapter 43.185A RCW and this chapter; and
(5) Provide notification to active participants of the state retirement systems managed by the department of retirement systems under chapter 41.50 RCW.
[ 1994 c 235 § 2.]
NOTES:
Severability—1994 c 235: See note following RCW 43.180.220.
Structure Revised Code of Washington
Title 43 - State Government—Executive
Chapter 43.180 - Housing Finance Commission.
43.180.010 - Declaration of public policies—Purpose.
43.180.030 - Bonds not debt of state.
43.180.040 - Commission created.
43.180.050 - Housing financing powers—Annual audit.
43.180.060 - No power of eminent domain or taxation.
43.180.070 - Housing finance plan.
43.180.090 - Selection of bond counsel—Written policies to be adopted.
43.180.100 - Selection of underwriters—Written policies to be adopted.
43.180.110 - Review of initial policies adopted under RCW 43.180.090 and 43.180.100—Adoption—Change.
43.180.120 - Rules for fair allocation of bond proceeds for nonrental single-family housing.
43.180.130 - Protection of bondholders—Mortgage insurance.
43.180.140 - Rules for energy efficiency.
43.180.150 - Bond issues—Terms—Issuance—Purchase, etc.
43.180.160 - Debt limitation—Washington works housing program.
43.180.170 - Bond issues—Disposition of proceeds—Special fund.
43.180.180 - Bond issues—Disposition of revenues—Special trust fund.
43.180.190 - Legal investments.
43.180.200 - Internal revenue code.
43.180.230 - Housing finance program—Program elements.
43.180.240 - Housing finance program—Report to legislature annually—Implementation.
43.180.245 - Condominium conversion tenant-to-homeowner program.
43.180.250 - Veteran homeownership downpayment assistance program—Rules.
43.180.260 - Sustainable energy trust program.
43.180.265 - Aviation biofuels facilities and production—Bond issuance—Financing powers—Definitions.
43.180.290 - Beginning farmer financing program.
43.180.295 - Renewable energy systems—Report—Financing tool.
43.180.310 - Commission powers.
43.180.330 - Revenue refunding bonds.
43.180.340 - Trust agreements.
43.180.350 - Lessees or assignees.
43.180.900 - Conflict with federal requirements.
43.180.901 - Liberal construction.
43.180.902 - Captions not part of law.
43.180.904 - Effective dates—1983 c 161.
43.180.905 - Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.