2012 Revised Code of Washington
Title 43 - STATE GOVERNMENT — EXECUTIVE
43.180 Housing finance commission.
43.180.230 Housing finance program -- Program elements.
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.
|
Disclaimer: These codes may not be the most recent version. Washington may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
