SB5580 establishes a registration program for corporate entities owning 20 or more single-family homes or condominiums in Washington.

SB5580 creates the corporate homeowner registration program at the office of the secretary of state. Entities owning 20 or more applicable housing units must register and report details such as ownership structure, property uses, and end use for each unit. This aims to foster fairness and transparency in the housing market, mitigate the negative impacts of monopolistic ownership, and support measures to close the racial wealth gap and housing affordability crisis.

SB5580 establishes a registration program for corporate entities owning 20 or more single-family homes or condominiums in Washington.

SB5580 creates the corporate homeowner registration program at the office of the secretary of state. Entities owning 20 or more applicable housing units must register and report details such as ownership structure, property uses, and end use for each unit. This aims to foster fairness and transparency in the housing market, mitigate the negative impacts of monopolistic ownership, and support measures to close the racial wealth gap and housing affordability crisis.