Modifying requirements and allowed uses for certain funding related to providing and maintaining affordable housing and related services.

Reduced the mandatory rental assistance requirement for counties west of the Cascade mountains with a population between 850,000 and 900,000, changing the threshold from 'greater than 850,000' to 'greater than 850,000 but less than 900,000'.

Changed the coordination requirement for counties imposing a housing tax after a city has done so. The requirement to 'enter into an interlocal agreement' was replaced with a requirement to 'consult with that city'.

Adjusted the percentage of tax revenue that can be used to repay bonds for affordable housing projects from 'fifty' percent to 50 percent.

Adjusted the percentage of tax revenue that can supplant existing local funds from 'ten' percent to 10 percent.

The bill number changed from S-3894.2 to S-4924.1, and the title changed from 'Substitute Senate Bill 6027' to 'Second Substitute Senate Bill 6027'.

The bill was transferred from the Senate Housing committee to the Senate Ways & Means committee, and the sponsor list remained the same.

The list of amended RCWs was shortened by removing references to 82.45.010 (real estate excise tax) and 2021 c 27 s 1, and the effective date line was removed from the act title.

The use of remaining sales tax funds was expanded to include rental assistance for counties west of the Cascade mountains with a population between 850,000 and 900,000.

The deadline for operating existing affordable housing after a sale or transfer was extended from one year to 24 months.

The expiration date for the act (January 1, 2030) was removed entirely.

The bill number was changed from S-3566.2 to S-3894.2, and the sponsor list was updated to reflect the Senate Housing committee.

Grant requirements were modified to allow reimbursement without prior documentation submission for expenses over $50, except for auditing purposes, and the administrative cost cap threshold was increased to 15 percent.

A new property tax exemption was added for nonprofit organizations providing emergency, transitional, or recovery housing for low-income homeless persons and domestic violence victims, provided charges do not exceed operating costs.

New definitions were added for 'emergency housing,' 'transitional housing,' and 'recovery residence' to clarify the types of facilities eligible for the new tax exemption.

The effective date for the new tax exemption provisions was set to January 1, 2030, and the expiration date for the act was set to January 1, 2030.