RCW 43.180.230
137 words·~1 min read·
/wa/title-43/chapter-43-180/43-180-230·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The housing finance program developed under RCW 43.180.220 shall:
(1)Be limited to borrowers with incomes that do not exceed one hundred fifteen percent of the state or county median family income, whichever is higher, adjusted for family size;
(2)Be limited to first-time homebuyers as defined in RCW 43.185A.010 ;
(3)Be targeted so that priority is given to low-income households as defined in RCW 43.185A.010 ;
(4)To the extent funds are made available, provide either downpayment or closing costs assistance to households eligible for assistance under chapter 43.185A RCW and this chapter; and
(5)Provide notification to active participants of the state retirement systems managed by the department of retirement systems under chapter 41.50 RCW.
[ 1994 c 235 s 2 .]
Notes:
Severability — 1994 c 235: See note following RCW 43.180.220 .