Expanding affordable housing opportunities on community and technical college lands in Washington.
The bill aims to increase affordable housing opportunities in Washington by encouraging the development of such housing on underutilized community and technical college lands. It authorizes the college board to enter into long-term leases up to 99 years for affordable housing projects and allows for the leasing of college land to nonprofit developers. The bill also mandates that any land leased for affordable housing must include restrictive covenants to prevent future conversion to market-rate housing or commercial use.
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