Washington’s legislators had their eye on common interest communities (CICs) during the 2023 regular session, which ended on April 23, 2023. Three bills relating to or affecting CICs become effective on July 23, 2023. One...more
The Washington Supreme Court recently published an opinion that appears to invalidate any homebuyer warranty that requires the buyer to file suit in less than six years. In Tadych v. Noble Ridge Construction, Inc., the owners...more
The Washington legislature recently passed a bill expanding affordable housing tax exemptions. HB 1643 was signed into law by Governor Inslee on March 30, 2022 and will exempt from the real estate excise tax a sale or...more
Washington recently enacted SB 5024 (the “Bill”), which allows developers to use earnest money deposits towards construction costs in certain circumstances. The Bill will become effective on July 25, 2021....more
The Washington legislature recently passed two bills expanding affordable housing tax exemptions. Governor Inslee signed SHB 2384, revising the property tax exemption for low-income housing. He vetoed SHB 2634 that would have...more
More of Portland’s developers are about to find themselves in the affordable housing business. Whether they like it or not....more