SB6018 amends the Washington Housing Finance Commission's powers and duties.

SB6018 amends the powers and duties of the Washington Housing Finance Commission. The commission is empowered to issue bonds, invest in mortgages, and make loans to assist in providing affordable housing. It can also establish eligibility standards for housing assistance, considering factors like income and housing availability. The bill allows the commission to delegate powers, impose covenants, and sell assets. It also mandates annual audits to ensure compliance with housing finance objectives. The commission can employ professionals and enter into contracts for housing-related services.

SB6018 amends the Washington Housing Finance Commission's powers and duties.

SB6018 amends the powers and duties of the Washington Housing Finance Commission. The commission is empowered to issue bonds, invest in mortgages, and make loans to assist in providing affordable housing. It can also establish eligibility standards for housing assistance, considering factors like income and housing availability. The bill allows the commission to delegate powers, impose covenants, and sell assets. It also mandates annual audits to ensure compliance with housing finance objectives. The commission can employ professionals and enter into contracts for housing-related services.