Housing on Public Land
Agency
Natural Resources, Department of
Title of action
Housing on Public Land
Date significant agency action was initiated
Monday, December 18, 2023
Category
Agency-request legislation
Brief description of significant agency actions for which the agency is initiating an environmental justice assessment.
This Agency Request Legislation adds a new section to RCW 82.29A to create a leasehold excise tax (LET) exemption for leases on public land used for the placement of newly constructed affordable housing. Currently, the LET fee is 12.84% of the lease rate. This exemption is intended to incentivize developers to build affordable housing on leased DNR land. The exemption applies to the land and the length of exemption depends on the following conditions: A 12-year LET exemption if the lessee commits to renting or selling at least 20% of units as affordable to low and moderate-income households; A 20-year LET exemption if the lessee commits to renting or selling at least 25% of units as affordable to low and moderate-income households.
Methods for providing public comment for agency consideration as part of the environmental justice assessment.
The purpose of this tax exemption is to provide housing for low-and-moderate income households, many of which include people from overburdened communities and vulnerable populations. Any formal contract for housing development would include agencies that represent these communities and support inclusion of their voices and lived experience in the creation of the housing units.
Link to agency webpage where the action is posted.
