WA People
BILL · 2023–24 SESSION · LATEST VERSION SSB 5496

SB 5496: Covenant homeownership prg.

Creating the covenant homeownership account and program to address the history of housing discrimination due to racially restrictive real estate covenants in Washington state.

Summary

  • Requires county auditors to collect a Covenant Homeownership Program (CHP) assessment of $100 for each document recorded to fund the CHP.
  • Requires the Department of Commerce to contract with the Washington State Housing Finance Commission (Commission) to create one or more Special Purpose Credit Programs to provide down payment assistance and closing cost assistance to economically disadvantaged classes of persons.
  • Requires the Commission to complete an initial CHP study by December 31, 2023, and complete updated studies every five years thereafter.
  • Establishes an oversight committee to oversee and review the Commission's activities and performance related to the CHP.

From the Senate Bill Report (SB 5496), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 20, 2023
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
John Lovick (D-44)
Introduced
January 20, 2023 in the Senate
Last action
January 8, 2024
Companion bill
HB 1474
Budget
Has a fiscal note
Versions
SB 5496, SSB 5496

AN ACT Relating to creating the covenant homeownership account and program to address the history of housing discrimination due to racially restrictive real estate covenants in Washington state;

Sponsors

Prime sponsor: John Lovick (D-44)

13 co-sponsors (13 Democrats, 0 Republicans)

Rebecca Saldaña D-37Annette Cleveland D-49Noel Frame D-36Patty Kuderer D-48Marko Liias D-21Liz Lovelett D-40Joe Nguyen D-34Jamie Pedersen D-43Jesse Salomon D-32Derek Stanford D-1Javier Valdez D-46Lisa Wellman D-41Claire Wilson D-30

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status. (SSB 5496)
  2. By resolution, reintroduced and retained in present status.
  3. Referred to Ways & Means. (SSB 5496)
  4. Referred to Ways & Means.
  5. HSG - Majority; 1st substitute bill be substituted, do pass. (SSB 5496)
  6. And refer to Ways & Means. (SSB 5496)
  7. Minority; do not pass. (SSB 5496)
  8. Minority; without recommendation. (SSB 5496)
  9. Minority; without recommendation.
  10. Minority; do not pass.
  11. And refer to Ways & Means.
  12. HSG - Majority; 1st substitute bill be substituted, do pass.
  13. First reading, referred to Housing.

SB 5496 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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