Revised Code of Washington (RCW) (Last Updated: August 9, 2016) |
Title 43. STATE GOVERNMENT—EXECUTIVE |
Chapter 43.180. Housing finance commission. |
Section 43.180.230. Housing finance program—Program elements.
Latest version.
- 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.NOTES:Severability—1994 c 235: See note following RCW 43.180.220.