HB 6232 proposes changes to the nonprofit housing property tax exemption and is an example of a technical bill that intends to make the job of providing affordable housing a bit easier.

The bill, sponsored by Sen. Patty Kuderer (D–Clyde Hill), does the following:

• For purposes of property tax exemption for nonprofits providing affordable housing, the definition of a very low-income household at or below 50% of Area Median Income (AMI) is changed to a "qualifying" household with income at or below 60% AMI.
• A restriction is removed allowing all nonprofit housing providers to qualify.
• The reporting requirement is changing from annually to every third year.

The bill is on the move and has already been voted out of its policy committee. It will now go before the Senate’s fiscal committee.

Dates to remember

HB 6232 is scheduled for public hearing on Wednesday, January 29 at 3:30 pm in the Senate Ways & Means Committee.