HomeMy WebLinkAbout092322 FW_ Contribute to condominium study for the Affordable Housing Advisory Board
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From: Washington State Department of Commerce
Sent: Friday, September 23, 2022 9:02:22 AM (UTC-08:00) Pacific Time (US & Canada)
To: Greg Brotherton
Subject: Contribute to condominium study for the Affordable Housing Advisory Board
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ALERT: BE CAUTIOUS This email originated outside the organization. Do not open attachments or click on links if you are not expecting them.
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Study will support a report for the Legislature
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Sept. 23, 2022
Comment on condominium conversions report and study
The Affordable Housing Advisory Board (AHAB) and consultants ECONorthwest and BDS Planning launched a research study to review issues associated with the condominium conversions pursuant
to ESSB 5758 <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDEsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA5MjMuNjQxMzY4OTEiLCJ1cmwiOiJodHRwczovL2xhd2ZpbGVzZXh0LmxlZy53Y
S5nb3YvYmllbm5pdW0vMjAyMS0yMi9QZGYvQmlsbHMvU2Vzc2lvbiUyMExhd3MvU2VuYXRlLzU3NTgtUy5TTC5wZGY_cT0yMDIyMDkyMTE0NDU0MiJ9.B2Dh9jawHYgTuTI9Bbk2qj0CRhTaY9Qalgrl7M2SUmA/s/1521873457/br/144591597239-l>
(2022 legislative session).
Do you have feedback about condominium conversion projects in Washington? Please let us know. AHAB must seek input from stakeholders with expertise in both the condominium conversion
process and providing tenant relocation programs and assistance. This feedback will inform a report to the Legislature.
To provide comment on condominium conversion and the topics listed below, please contact Taylor Webb <mailto:taylor.webb@commerce.wa.gov> .
AHAB must review issues associated with the conversion of multifamily buildings to condominium ownership and include:
* An assessment of the current housing market and affordability of condominium conversions, especially for first-time home buyers
* Statutory, regulatory, financial, or other barriers to condominium conversions as a viable source of housing supply for first-time home buyers
* Impacts to tenants caused by the conversion of multifamily buildings to condominium ownership, and the adequacy of programs and resources for tenant rental relocation and other assistance
* Programs in other states using condominium ownership as a first-time homeownership opportunity, including those focused on employer-specific programs for certain public service occupations
in high-cost areas
* Specific areas in counties subject to the buildable lands review and evaluation program where condominium conversion could provide first-time home buyer opportunities close to light
rail, express bus service, or other forms of mass transit
* Condominium association concerns, including board accountability, fee collection, effective communication, representation regarding covenants, lien and foreclosure fairness, and insurance
claim impartiality
AHAB advises the Department of Commerce on housing and housing-related issues. AHAB has 24 members <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDIsInVyaSI6ImJwMjpjbGljayIsImJ1
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Cb2FyZD9vcmRlcj1maWVsZF9hcHBvaW50bWVudF9kYXRlJnNvcnQ9ZGVzYyJ9.W3BbTUOeMD5I7NkN1WI87nHrdI3CxuGMELQyXuxFMUg/s/1521873457/br/144591597239-l> representing a variety of housing interests
across the state.
For more information on the study or AHAB, or to comment, contact Taylor Webb <mailto:taylor.webb@commerce.wa.gov> .
LEARN MORE <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDMsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA5MjMuNjQxMzY4OTEiLCJ1cmwiOiJodHRwczovL3d3dy5jb21tZXJjZS53YS5nb3Yv
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97239-l>
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About Commerce
Commerce works with local governments, businesses, community-based organizations and tribes to strengthen communities. The department’s diverse portfolio of more than 100 programs and
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Do you have feedback about condominium conversion projects in Washington? Please let us know. AHAB must seek input from stakeholders with expertise in both the condominium conversion
process and providing tenant relocation programs and assistance. This feedback will inform a report to the Legislature.
To provide comment on condominium conversion and the topics listed below, please contact Taylor Webb <mailto:taylor.webb@commerce.wa.gov> .
AHAB must review issues associated with the conversion of multifamily buildings to condominium ownership and include:
* An assessment of the current housing market and affordability of condominium conversions, especially for first-time home buyers
* Statutory, regulatory, financial, or other barriers to condominium conversions as a viable source of housing supply for first-time home buyers
* Impacts to tenants caused by the conversion of multifamily buildings to condominium ownership, and the adequacy of programs and resources for tenant rental relocation and other assistance
* Programs in other states using condominium ownership as a first-time homeownership opportunity, including those focused on employer-specific programs for certain public service occupations
in high-cost areas
* Specific areas in counties subject to the buildable lands review and evaluation program where condominium conversion could provide first-time home buyer opportunities close to light
rail, express bus service, or other forms of mass transit
* Condominium association concerns, including board accountability, fee collection, effective communication, representation regarding covenants, lien and foreclosure fairness, and insurance
claim impartiality
AHAB advises the Department of Commerce on housing and housing-related issues. AHAB has 24 members <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDIsInVyaSI6ImJwMjpjbGljayIsImJ1
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Cb2FyZD9vcmRlcj1maWVsZF9hcHBvaW50bWVudF9kYXRlJnNvcnQ9ZGVzYyJ9.W3BbTUOeMD5I7NkN1WI87nHrdI3CxuGMELQyXuxFMUg/s/1521873457/br/144591597239-l> representing a variety of housing interests
across the state.
For more information on the study or AHAB, or to comment, contact Taylor Webb <mailto:taylor.webb@commerce.wa.gov> .
LEARN MORE <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDMsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA5MjMuNjQxMzY4OTEiLCJ1cmwiOiJodHRwczovL3d3dy5jb21tZXJjZS53YS5nb3Yv
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About Commerce
Commerce works with local governments, businesses, community-based organizations and tribes to strengthen communities. The department’s diverse portfolio of more than 100 programs and
effective public and private partnerships promote sustainable community and economic development to help all Washingtonians thrive. For more information, visit http://www.commerce.wa.gov
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