Legislative Update for Washington Housing Providers: What’s Next in the Session?

As multifamily brokers in the state of Washington, staying on top of legislative changes impacting housing providers is a critical part of how we serve our clients.

HFO Investment Real Estate is a proud member of the Washington Multifamily Housing Association, and we are sharing highlights from their legislative update issued last Friday, February 28.

• Washington has officially hit the halfway point of Washington’s 105-day legislative session. Last week was packed with early mornings and late nights as fiscal committees worked diligently to advance bills with financial implications. Friday was the deadline for committees such as Appropriations, Capital Budget, Finance, Transportation, and Ways & Means to report bills out.
• It’s important to note that bills "necessary to implement the budget" (or NTIB) remain in play throughout the entire session. This means that if a bill or policy is tied to the final budget passed by the legislature, it can still advance until the session concludes.

What Lies Ahead?

Beginning today, Monday, March 3, we’re entering a critical 10-day period of floor action. During this time, the House and Senate will spend long days passing bills back and forth between chambers. WMFHA’s dedicated lobbying team will actively monitor and advocate for multifamily housing priorities and meet with legislators outside of the chambers to ensure our industry’s voice is heard.

With more changes likely on the horizon, housing providers need to stay engaged and informed. As always, I’m here to connect you with resources and provide insights specific to your multifamily real estate investments.

I'll be monitoring upcoming developments, as they could significantly affect you as a housing provider in Washington State.

Visit www.wmfha.org today to join the Washington Multifamily Housing Association and support its lobbying efforts on behalf of housing providers, managers, and vendors.