Housing (Affordable Housing)

HB 2236 clarifies that Washington's Housing Finance Commission cannot compete with private lenders by offering home loans to individual buyers for single-family homes. The bill explicitly prohibits the Commission from originating or making residential mortgage loans for owner-occupied housing (except for down payment assistance programs), redirecting its focus to multifamily and nonowner-occupied housing financing. It amends existing law to ensure the Commission acts as a financial conduit for affordable housing projects without replacing private mortgage services. The changes aim to streamline financing for rental housing while preserving the role of licensed lenders in the residential mortgage market.