1696-S2 AMH ENGE VASE 152

2SHB 1696 - H AMD 176

By Representative Engell

NOT ADOPTED 03/06/2025

On page 3, line 29, after "(5)" insert "In each fiscal year, the commission may provide down payment and closing cost assistance through a special purpose credit program authorized under this section to applicants with household incomes that exceed 100 percent of the area median income for the county where the home is located only if the revenues collected under the covenant homeownership program assessment established in RCW 36.22.185 for the prior fiscal year increased by at least 10 percent compared to revenues collected during the fiscal year two years prior.

(6)"

Renumber the remaining subsections consecutively and correct any internal references accordingly.

EFFECT: Provides that down payment and closing cost assistance may be provided to applicants with household incomes that exceed 100 percent of the area median income only if the revenues collected under the Covenant Homeownership Program assessment for the prior fiscal year increased by at least 10 percent compared to revenues collected during the fiscal year two years prior.

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