Establishes a tenant assistance program to help low-income renters afford housing.
The bill creates a tenant assistance program to provide financial aid to eligible renters in Washington. Eligible renters must have a household income at or below 60 percent of the median household income, spend more than 30 percent of their income on housing costs, and not receive more than $400 in assistance. The program aims to reduce housing instability and improve quality of life for low-income residents. Funds for the program come from a surcharge on recorded documents, with specific allocations for administration, housing projects, and other related activities.
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