Wash. Rev. Code § 59.24 § 59.24.060
Sources of funds.
Operative Text
The department of commerce may receive such gifts, grants, or endowments from public or private sources, as may be made from time to time, in trust or otherwise, to be used by the department of commerce for its programs, including the rental security deposit guarantee program. Funds from the housing trust fund, chapter 43.185A RCW, up to one hundred thousand dollars, may be used for the rental security deposit guarantee program by the department of commerce, local governments, and nonprofit organizations, provided all the requirements of this chapter and chapter 43.185A RCW are met.
Under Wash. Rev. Code § 59.24.060, the Washington Department of Commerce is authorized to accept gifts, grants, and endowments from both public and private sources to support its housing programs, including the rental security deposit guarantee program. Additionally, up to $100,000 from the state's housing trust fund (established under chapter 43.185A RCW) may be directed toward that same guarantee program, with eligible participants including the Department of Commerce, local governments, and qualifying nonprofit organizations. All uses of these funds must comply with the requirements set out in both chapter 59.24 RCW and chapter 43.185A RCW.
Plain English — not legal advice.
Under § 59.24.060, the rental security deposit guarantee program is funded through a combination of voluntary contributions and capped housing trust fund allocations, meaning landlords who participate in or accept guarantees through this program are working within a publicly supported framework. Operators who engage with the program generally confirm that the administering entity—whether the Department of Commerce, a local government, or a nonprofit—is operating in compliance with both chapter 59.24 RCW and chapter 43.185A RCW. Understanding the funding structure can help property owners assess the stability and legitimacy of any guarantee arrangement offered to them.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Section § 59.24.060 establishes the financial backbone of Washington's rental security deposit guarantee program, which is designed to help renters who may have difficulty covering a traditional security deposit. The program draws on gifts, grants, and up to $100,000 from the state housing trust fund, administered through the Department of Commerce, local governments, or nonprofit organizations. Tenants interested in accessing this program may want to contact local housing agencies or tenant-rights organizations to learn whether a qualifying program is available in their area and what eligibility requirements apply under chapter 59.24 RCW.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated October 7, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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