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New law charges homebuyers $100 to help minorities with down payments

Por: Newsweek Nation May 10, 2023

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Washington state has passed a flurry of laws aimed at expanding access to housing, including one that adds a $100 fee to all real estate transactions to help fund a loan program for minorities hurt by the state's racially restrictive covenants in the past.On Monday, Governor Jay Inslee signed House Bill 1474 and nine other housing bills into law. With funding from the $100 homebuyer fee, HB1474 establishes a covenant homeownership account... + full article



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