Gov. Jay Inslee signed the capital budget into law on Jan. 18, missing a crucial deadline for affordable housing projects that rely on federal tax credits.
The capital budget funds a wide variety of infrastructure and housing projects. It had been held up in the legislature because Republican lawmakers demanded a legislative fix to a water-rights issue that was technically unrelated to the budget itself.
Affordable housing developers waited in the wings to find out if their projects would receive funding through the capital budget, but the legislature approved it after a 5 p.m. deadline on Jan. 17 to apply to the Housing Finance Commission for federal low-income housing tax credits.
On Jan. 19, Kim Herman, the executive director of the Housing Finance Commission, announced that the commission received 35 applications by the deadline.
Ashley Archibald is a Staff Reporter covering local government, policy and equity. Have a story idea? She can be can reached at ashleya (at) realchangenews (dot) org. Twitter @AshleyA_RC
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