{"id":7765,"date":"2024-01-19T10:52:01","date_gmt":"2024-01-19T18:52:01","guid":{"rendered":"https:\/\/senatedemocrats.wa.gov\/nobles\/?p=7765"},"modified":"2024-01-19T10:52:01","modified_gmt":"2024-01-19T18:52:01","slug":"nobles-bill-to-create-more-affordable-homeownership-opportunities-heard-in-committee","status":"publish","type":"post","link":"https:\/\/senatedemocrats.wa.gov\/nobles\/2024\/01\/19\/nobles-bill-to-create-more-affordable-homeownership-opportunities-heard-in-committee\/","title":{"rendered":"Nobles bill to create more affordable homeownership opportunities heard in committee"},"content":{"rendered":"<p><span data-contrast=\"none\">OLYMPIA \u2014 A bill to create more affordable homeownership opportunities was heard in the Senate Housing Committee Friday.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/app.leg.wa.gov\/billsummary?BillNumber=6173&amp;Initiative=false&amp;Year=2023\"><b><span data-contrast=\"none\">Senate Bill 6173<\/span><\/b><\/a><span data-contrast=\"none\">, sponsored by Sen. T\u2019wina Nobles (D-Fircrest), aims to expand the production of affordable housing by enabling local municipalities to support organizations in creating homeownership opportunities for households earning up to 80% of area median income.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">It also seeks to address the significant gap between median incomes and home prices in areas where homeownership is largely unattainable for those earning less than the median income, particularly among communities of color.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">According to state Department of Commerce\u2019s <\/span><a href=\"https:\/\/app.leg.wa.gov\/ReportsToTheLegislature\/Home\/GetPDF?fileName=Homeownership%20Disparities%20Recommendations%20Report%20-%20FINAL%20-%20Sep2022_e0b6a028-62cf-478c-aa9b-52e5e5c66609.pdf\"><b><span data-contrast=\"none\">homeownership disparities report<\/span><\/b><\/a><span data-contrast=\"none\">, the white household homeownership rate of 68% was 23 percentage points higher than the Hispanic\/Latino household homeownership rate of 45% and a staggering 37 percentage points higher than the Black household homeownership rate of 31%.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">\u201cThis is a critical step in fostering inclusivity and ensuring that hardworking individuals and families are not left behind,\u201d Nobles said. \u201cWhen all our neighbors have the opportunity to own a home, they invest in their communities, creating a ripple effect of positive change.\u201d<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Follow the bill\u2019s progress <\/span><a href=\"https:\/\/app.leg.wa.gov\/billsummary?BillNumber=6173&amp;Initiative=false&amp;Year=2023\"><b><span data-contrast=\"none\">here<\/span><\/b><\/a><span data-contrast=\"none\">.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>OLYMPIA \u2014 A bill to create more affordable homeownership opportunities was heard in the Senate Housing Committee Friday.\u00a0 Senate Bill 6173, sponsored by Sen. T\u2019wina Nobles (D-Fircrest), aims to expand the production of affordable housing by enabling local municipalities to support organizations in creating homeownership opportunities for households earning up to 80% of area median income.\u00a0 It also seeks to address the significant gap between median incomes and home prices in areas where homeownership is largely unattainable for those earning less than the median income, particularly among communities of color.\u00a0\u00a0\u00a0 According to state Department of Commerce\u2019s homeownership disparities report, the&#8230;<\/p>\n","protected":false},"author":44,"featured_media":7696,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"disable_featured_image":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-7765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-release"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nobles bill to create more affordable homeownership opportunities heard in committee - Sen. 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T\u2019wina Nobles (D-Fircrest), aims to expand the production of affordable housing by enabling local municipalities to support organizations in creating homeownership opportunities for households earning up to 80% of area median income.\u00a0 It also seeks to address the significant gap between median incomes and home prices in areas where homeownership is largely unattainable for those earning less than the median income, particularly among communities of color.\u00a0\u00a0\u00a0 According to state Department of Commerce\u2019s homeownership disparities report, the...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/senatedemocrats.wa.gov\/nobles\/2024\/01\/19\/nobles-bill-to-create-more-affordable-homeownership-opportunities-heard-in-committee\/\" \/>\n<meta property=\"og:site_name\" content=\"Sen. 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