Establishes land banking authorities in Washington to manage surplus public property for public benefit purposes, including affordable housing.

The bill establishes land banking authorities in Washington to manage surplus public property for public benefit purposes, including affordable housing. It allows state agencies, municipalities, or political subdivisions to transfer, lease, or dispose of surplus real property for public benefit purposes. The bill also creates a land bank grant program to support land banks in planning strategies, public improvements, and land acquisition.

Establishes land banking authorities in Washington to manage surplus public property for public benefit purposes, including affordable housing.

The bill establishes land banking authorities in Washington to manage surplus public property for public benefit purposes, including affordable housing. It allows state agencies, municipalities, or political subdivisions to transfer, lease, or dispose of surplus real property for public benefit purposes. The bill also creates a land bank grant program to support land banks in planning strategies, public improvements, and land acquisition.