82.92.005 – Findings.
RCW 82.92.005 Findings. The legislature finds that: (1) Many cities in Washington are actively planning for growth under the growth management act, chapter 36.70A RCW; (2) The construction industry provides living wage jobs for families across Washington; (3) In the current economic climate, the creation of additional affordable housing units is essential to the economic […]
82.92.007 – Purpose.
RCW 82.92.007 Purpose. It is the purpose of this chapter to encourage the redevelopment of underdeveloped land in targeted urban areas, thereby increasing affordable housing, employment opportunities, and helping accomplish the other planning goals of Washington cities. The legislative authorities of cities to which this chapter applies may authorize a sales and use tax deferral […]
82.92.010 – Definitions.
RCW 82.92.010 Definitions. The definitions in this section apply throughout this chapter unless the context clearly requires otherwise. (1) “Affordable homeownership housing” means housing intended for owner occupancy to low or moderate-income households whose monthly housing costs, including utilities other than telephone, do not exceed 30 percent of the household’s monthly income. (2) “Affordable rental […]
82.92.020 – Requirements for governing authorities.
RCW 82.92.020 Requirements for governing authorities. (1) For the purpose of creating a sales and use tax deferral program under this chapter, the governing authority must adopt a resolution of intention to create a sales and use tax deferral program as generally described in the resolution. The resolution must state the time and place of […]