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Fund Reference Manual

Fund 28D - Down Payment Assistance Account

Inactive Account 07/01/2025
Authority: RCW 82.45.240
Admin Agency: Department of Commerce - 1030
Cash Type: 2 - Treasury Trust Fund
SAAM Budget Type: Budgeted (Nonappropriated/Allotted) (B)
Earnings from Investments are: Credited to the general fund under RCW 43.79A.040(4)(a).
Description: To be used only for payment toward a person's down payment assistance loan used to purchase a condominium or townhouse through the down payment assistance program offered by the WA State Housing Finance Authority.
Sources of Revenue: Real estate excise taxes
Clientele: Individuals that qualify for a down payment assistance program
Effective Date: 01/01/2024
Inactive Date: 07/01/2025
Public Notes: Account repealed effective July 1, 2025, by ESHB 1468 (Laws of 2025, Ch 399, § 1).

ACFR Information

Account Code: 28D
Account Title: Down Payment Assistance Account
Fund Type: BA - Special Revenue Funds
Rollup Fund: BE - Human Services Fund
Closing GL Code: 9323 - Committed for Human Services