Washington · statute · Wash. Rev. Code ch. 84.14 · 15 active provisions
(1) The legislature finds:(a) That in many of Washington's urban centers there is insufficient availability of desirable and convenient residential units, including affordable housing units, to meet the needs of a growing number of the public who would live in these urban centers if these desirable, convenient, attract…
It is the purpose of this chapter to encourage increased residential opportunities, including affordable housing opportunities, in cities that are required to plan or choose to plan under the growth management act within urban centers where the governing authority of the affected city has found there is insufficient ho…
The definitions in this section apply throughout this chapter unless the context clearly requires otherwise.(1) "Affordable housing" means residential housing with monthly costs, including utilities other than telephone, that do not exceed 30 percent of the monthly income of a low-income or moderate-income household.(2…
The governing authority of a city with a station area must adopt and implement standards and guidelines to be used in considering applications and making the determinations required under RCW 84.14.060. The standards and guidelines must establish basic requirements for both new construction and rehabilitation, which mu…
(1)(a) The value of new housing construction, conversion, and rehabilitation improvements qualifying under this chapter is exempt from ad valorem property taxation, as follows:(i) For properties for which applications for certificates of tax exemption eligibility are submitted under this chapter before July 22, 2007, t…
(1)(a) The value of new housing construction, conversion, and rehabilitation improvements qualifying under this chapter is exempt from ad valorem property taxation, as follows: For 20 successive years beginning January 1st of the year immediately following the calendar year of issuance of the certificate, if the proper…
An owner of property making application under this chapter must meet the following requirements:(1) The new or rehabilitated multiple-unit housing must be:(a) Located in a residential targeted area as designated by the city or county; or(b) Be located fully or partially within a station area if applying under RCW 84.14…
(1) The following criteria must be met before an area may be designated as a residential targeted area:(a) The area must be within an urban center, as determined by the governing authority;(b) The area must lack, as determined by the governing authority, sufficient available, desirable, and convenient residential housi…
An owner of property seeking tax incentives under this chapter must complete the following procedures:(1) In the case of rehabilitation or where demolition or new construction is required, the owner must secure from the governing authority or duly authorized representative, before commencement of rehabilitation improve…
(1) The duly authorized administrative official or committee of the city or county may approve the application if it finds that:(a) A minimum of four new units are being constructed or in the case of occupied rehabilitation or conversion a minimum of four additional multifamily units are being developed;(b) If applicab…
(1) The governing authority or an administrative official or commission authorized by the governing authority must approve or deny an application filed under this chapter within 90 days after receipt of the application.(2) If the application is approved, the city or county must issue the owner of the property a conditi…
The governing authority may establish an application fee. This fee may not exceed an amount determined to be required to cover the cost to be incurred by the governing authority and the assessor in administering this chapter. The application fee must be paid at the time the application for limited exemption is filed. I…
(1) Upon completion of rehabilitation or new construction for which an application for a limited tax exemption under this chapter has been approved and after issuance of the certificate of occupancy, the owner must file with the city or county the following:(a) A statement of the amount of rehabilitation or constructio…
(1) Thirty days after the anniversary of the date of the certificate of tax exemption and each year for the tax exemption period, the owner of the rehabilitated or newly constructed property, or the qualified nonprofit or local government that will assure permanent affordable homeownership for at least 25 percent of th…
(1) If improvements have been exempted under this chapter, the improvements continue to be exempted for the applicable period under RCW 84.14.020, so long as they are not converted to another use and continue to satisfy all applicable conditions. If the owner intends to convert the multifamily development to another us…