Kauffman’s legislation providing more home ownership opportunity passes

OLYMPIA – A measure by Sen. Claudia Kauffman, D-Kent,  to help open the door to home ownership for more low and moderate income families passed the senate unanimously today.

Kauffman's measure, Senate Bill 6332, provides the state Housing Finance Commission increased capacity to issue bonds, translating to the construction of about 8,000 more affordable housing units. The commission provides affordable lending help to low and moderate income families, new farmers and non-profit housing groups.

“It says something that this bill had the support of both democrats and republicans, this is something we could move quickly on, and will make a tremendous difference in providing more affordable housing and the opportunity for hard working people to own their own home.”

The move increases the debt limit of the commission, a self-funding agency, by $2 billion with no fiscal impact to state coffers because the commission’s debt is independent of the state budget.

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