Kennewick Rep’s “Homes For Heroes” Bill Moves Forward
8th District State Rep. April Connors R-Kennewick received a Valentine's Day gift from the House Housing Committee yesterday as her "Homes For Heroes" Bill (HB 1633) passed unanimously. The executive action taken by the Committee was one week after the Bill received a public hearing.
The idea behind "Home for Heroes" is to try and address shortage issues in the workforce in occupations that impact life, health, and safety. Connors said after the bill passed through Committee: "Washington state suffers from a shortage in two critical areas: housing and essential workers. This bill addresses both problems by providing down payment assistance for workers in the professions we desperately need."
The impact HB 1633 will have is it will direct the Department of Commerce to work with the Washington State Housing Finance Commission (WSHFC) to work on, then put in place, a statewide pilot program to offer loans at no interest to worker's that are eligible.
Who Is Considered Eligible?
Those that could take advantage of the provisions in the bill are firefighters, law enforcement, those currently serving in the military along with veterans, nurses, childcare providers, mental health professionals, and other first responders.
Other eligibility factors are individuals must have a household income below 100% of the state median household income (currently $82,400) and be employed in a permanent, full-time capacity.
The program is intended to assist those eligible with the purchase of a primary residence and the loan can not go above 5% of the mortgage or $25,000 (whichever is less).
The cutoff for bills to get through committee is February 17th so the likelihood the bill gets a vote on the House floor is good.