(1)
The notice to tenants required by RCW 59.28.040 shall state:
(a) Whether the owner (i) intends to prepay the mortgage or
loan or allow the rental assistance contract to expire in order
to operate the housing without any low-income use restrictions,
(ii) plans on renewing the rental assistance contract subject to
the availability of adequate appropriations, or (iii) is seeking
additional financial incentives or higher rents as a condition of
remaining in the federal program; (b) the reason the owner plans
on taking this action; (c) the owner's plans for the project,
including any timetables or deadlines for actions to be taken by
the owner and any specific federal, state, or local agency
approvals that the owner is required to obtain; (d) the
anticipated date of the prepayment of the mortgage or loan or
expiration of the rental assistance contract; (e) the effect, if
any, that prepayment of the mortgage or loan or expiration of the
rental assistance contract will have upon the tenants' rent and
other terms of their rental agreement; and (f) that additional
information will be served on the city or county, on the local
public housing agency, and on the *department of community,
trade, and economic development and will be posted at the
development. The owner shall also include with the notice
written information, prepared by the *department of community,
trade, and economic development under RCW 59.28.120(1),
concerning the legal rights, responsibilities, and options of
owners and tenants when an owner intends to prepay a mortgage or
loan or terminate a rental assistance contract.
(2) The notice to the city or county clerk and to the
*department of community, trade, and economic development
required by RCW 59.28.040 shall state: (a) The name, location,
and project number of the federally assisted housing and the type
of assistance received from the federal government; (b) the
number and size of units; (c) the age, race, family size, and
estimated incomes of the tenants who will be affected by the
prepayment of the loan or mortgage or expiration of the federal
assistance contract; (d) the current rents and projected rent
increases for each affected tenant after the prepayment of the
mortgage or loan or expiration of the rental assistance contract
without disclosing the identities of the affected tenants; (e)
the availability and type, if any, of rental assistance after the
prepayment of the mortgage or loan or expiration of the rental
assistance contract; and (f) the age, race, family size, and
estimated incomes of any applicants on the project's waiting list
without disclosing the identities of the applicants. The owner
shall attach to this notice a copy of the notice the owner sends
to the tenants under this chapter.
(3) All owners of federally assisted housing shall
immediately post a copy of any notices they send the city or
county clerk, any public housing agency, and the *department of
community, trade, and economic development, under RCW 59.28.040,
in a conspicuous place at the development where they are likely
to be seen by current and prospective tenants. The notices shall
be maintained intact and in legible form for twelve months from
the date they are posted.
All owners of federally assisted housing shall, upon request
of any state or local agency, provide the agency with a copy of
any rent comparability study, market analysis, or projected
budget that they submit to the United States department of
housing and urban development or other federal agency in
conjunction with the prepayment of their mortgage or loan or in
anticipation of the expiration of their rental assistance
contract, together with any physical inspection reports or
capital needs assessments completed by the owner or federal
agency within the last three years.
[2000 c 255 § 4; 1995 c 399 § 162; 1989 c 188 § 6.]
NOTES:
*Reviser's note: The "department of community, trade, and economic development" was renamed the "department of commerce" by 2009 c 565.