Fund 28D - Down Payment Assistance Account
Authority:
RCW 82.45.240
Admin Agency:
Department of Commerce - 1030
Cash Type:
2 - Treasury Trust Fund
SAAM Budget Type:
Budgeted (Nonappropriated/Allotted) (B)
Earnings from Investments are:
Credited to the general fund under RCW 43.79A.040(4)(a).
Description:
To be used only for payment toward a person's down payment assistance loan used to purchase a condominium or townhouse through the down payment assistance program offered by the WA State Housing Finance Authority.
Sources of Revenue:
Real estate excise taxes
Clientele:
Individuals that qualify for a down payment assistance program
Effective Date:
01/01/2024
Inactive Date:
01/01/2034
Public Notes:
ACFR Information
Account Code:
28D
Account Title:
Down Payment Assistance Account
Fund Type:
BA - Special Revenue Funds
Rollup Fund:
BE - Human Services Fund
Closing GL Code:
9323 - Committed for Human Services
