Establishes a tenant assistance program to provide financial aid to eligible renters in Washington.
The bill creates a tenant assistance program to help eligible renters facing financial hardship due to high housing costs. The program provides tenant assistance payments to renters who meet specific income and housing cost criteria. Eligible renters must have a household income at or below 80 percent of the median household income and spend more than 30 percent of their income on housing costs. Payments cannot exceed $400 or the amount needed to reduce housing costs to 30 percent of income.
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