Residential Housing Wrap Up The “Year of Housing” was heavily focused on increasing supply across…
Washington state’s Landlord Mitigation Law (RCW 43.31.605) became effective on June 7th of 2018 to provide landlords with an incentive and added security to work with tenants receiving rental assistance. The program offers up to $1,000 to the landlord in reimbursement for some potentially required move-in upgrades, up to fourteen days’ rent loss and up to $5,000 in qualifying damages caused by a tenant during tenancy. Learn more
Evictions have proven to be a leading cause of new cases of homelessness throughout Washington. The Tenancy Prevention Program benefits both landlord and tenant by maintaining the tenancy. This prevents landlords from facing vacancy and turn over losses while preventing an eviction that would create barriers in the tenant’s ability to find and rent future housing.
Washington State’s Tenancy Preservation Program (2019 amendments to RCW 59.18.410(3) and 43.31.605(c)) became effective on June 29th, 2019 The program reduces homelessness by providing relief to low-income tenants facing eviction for non-payment of rent. In court-approved cases, Commerce will issue a temporary loan to landlords to preserve tenancy.
Washington State Limited Landlord Relief Program offers owners or four or fewer rental units/properties that make less than the Family Median Income the ability to recuperate up to 80% of the unpaid rental payments where tenants are non-communicative or unqualified for the where the unpaid rents were the result of a Statewide Emergency as declared by the Governor of Washington. This program is limited to pay no more than $2,000,000 in claims.