House2025-26 sessionFiscal note

2SHB 1696 — Modifying the covenant homeownership program.

Signed into law — Chapter 143, Laws of 2025

Sponsor
Taylor
Introduced
February 27, 2025
Status
C 143 L 25
Last action
Effective date 7/27/2025. (April 22, 2025)

What this bill does

Modifies the Covenant Homeownership Program by raising the area median income threshold for eligibility to 140 percent, authorizing full loan forgiveness once a loan has been in repayment for at least five years, and modifying one of the membership positions on the oversight committee.

From the Washington State Legislature's nonpartisan staff bill analysis. Read the full analysis ↗

Floor votes

  • House — 192 Griffey Pg 3 Ln 4 · March 6, 2025
    45 yea · 51 nay · 2 not voting
  • House — 173 Couture Pg 7 Ln 18 · March 6, 2025
    42 yea · 54 nay · 2 not voting
  • House — 3rd Reading & Final Passage · March 6, 2025
    57 yea · 39 nay · 2 not voting
  • Senate — 3rd Reading & Final Passage · April 14, 2025
    30 yea · 19 nay

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Other bills sponsored by Taylor

All 2025-26 Washington State bills →

Source: the Washington State Legislature. OlympiaTrack is an independent bill-tracking service and is not affiliated with the Legislature. View on leg.wa.gov ↗