Wash. Rev. Code § 43.185A § 43.185A.190

Reports -- Cost data.

In Force
Verified 10/26/2026 · Next check 11/25/2026
effective 10/7/2026WashingtonAffordable Housing Programs

Operative Text

Wash. Rev. Code § 43.185A § 43.185A.190
(1) The department must report on its website on an annual basis, for each funding cycle:
(a) The number of homeownership and multifamily rental projects funded;
(b) The percentage of funding allocated to homeownership and multifamily rental projects; and
(c) For both homeownership and multifamily rental projects, the total number of households being served at up to 80 percent of the area median income, up to 50 percent of the area median income, and up to 30 percent of the area median income.
(2) All housing trust fund loan or grant recipients, except for those receiving preservation awards under RCW 43.185A.180 , must provide certified final development cost reports to the department in a form acceptable to the department. The department must use the certified final development cost reports data as part of its cost containment policy and to report to the legislature. Beginning December 1, 2023, and continuing every odd-numbered year, the department must provide the appropriate committees of the legislature with a report of its final cost data for each project funded through the housing trust fund. Such cost data must, at a minimum, include:
(a) Total development cost per unit for each project completed within the past two complete fiscal years; and
(b) Descriptive statistics such as average and median per unit costs, regional cost variation, and other costs that the department deems necessary to improve cost controls and enhance understanding of development costs.
(3) The department must coordinate with the housing finance commission to identify relevant development costs data and ensure that the measures are consistent across relevant agencies.
Source: Legislative text reproduced verbatim
Plain English

Wash. Rev. Code § 43.185A.190 establishes two layers of public accountability for Washington's Housing Trust Fund. First, the state department must post annual, per-funding-cycle data on its website showing how many homeownership and multifamily rental projects were funded, how funding was split between those categories, and how many households at various income thresholds (up to 80%, 50%, and 30% of area median income) are being served. Second, most loan and grant recipients must submit certified final development cost reports, and the department must use that data to report detailed per-unit cost statistics to the legislature every odd-numbered year beginning December 1, 2023, while also coordinating with the Housing Finance Commission to keep cost measures consistent across agencies.

Written by anthropic/claude-sonnet-4.6 · Reviewed on October 14, 2026

Plain English — not legal advice.

For Property Managers

Operators and developers who receive Housing Trust Fund loans or grants under Wash. Rev. Code § 43.185A.190 are generally expected to submit certified final development cost reports in a form the department finds acceptable, unless they received a preservation award under RCW 43.185A.180. Compliant recipients typically maintain thorough records of total development costs per unit so that accurate data can be provided to the department for its cost containment policy and legislative reporting. Staying current with the department's reporting format requirements helps ensure that submissions meet the certified standard the statute requires.

General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.

For Tenants

Wash. Rev. Code § 43.185A.190 creates a public record of how Housing Trust Fund dollars are distributed and what it costs to build the housing those funds support, including how many households at lower income levels (up to 30%, 50%, and 80% of area median income) are being served. Tenants and housing advocates can consult the department's website for annual funding-cycle data and can review the biennial legislative cost reports—published starting December 1, 2023—to understand regional development cost trends that may affect affordable housing availability. Those seeking to engage with this data or raise concerns about how trust fund resources are being used may consider contacting the department directly, reaching out to their state legislators, or connecting with a local tenant-rights organization for guidance.

General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.

Generated October 14, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.

Effective Timeline

Current
Oct 7, 2026
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Related Rules

§ 574.605
§ 574.605 Applicability of uniform administrative requirements, cost principles, and audit requirements for Federal awards.
§ 574.625
§ 574.625 Conflict of interest.
§ 574.645
§ 574.645 Coastal barriers.

Source Information

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