Washington’s Housing Trust Fund Explained

The state’s Housing Trust fund has been around for almost 40 years, but recently it’s been top of mind for legislators.

Washington Needs more than one million Home in the next two decades, according to a report last year from the state’s Department of Commerce, half of which must be affordable for those with the lowest incomes. the turst fund is the state’s primary way to funnel money toward affordable housing, and lawmakers have been pouring money into it.

Last year, they provided a record $400 million for the fund, spread across various projects and types of housing. This year, legislators followed up with another $127 million infusion.

Read full article here: Washington’s Housing Trust Fund explained • Washington State Standard

—Washington State Standard Article

Author Laurel Demokovich-April 2024