# RCW 35.82.080: RCW 35.82.080: Operation not for profit

> Washington · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WA_T35_C82_S080

## Section

- **Citation:** RCW 35.82.080
- **Heading:** RCW 35.82.080: Operation not for profit
- **Jurisdiction:** Washington
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Washington Code / Title 35 / Chapter 82 / Section 080

## Text

It is hereby declared to be the policy of this state that each housing authority shall manage and operate its housing projects in an efficient manner so as to enable it to fix the rentals for low-income dwelling accommodations at the lowest possible rates consistent with its providing decent, safe and sanitary dwelling accommodations, and that no housing authority shall construct or operate any such project for profit, or as a source of revenue to the city or the county. To this end, an authority shall fix the rentals for rental units for persons of low income in projects owned or leased by the authority at no higher rates than it shall find to be necessary in order to produce revenues which (together with all other available moneys, revenues, income and receipts of the authority from whatever sources derived) will be sufficient (1) to pay, as the same become due, the principal and interest on the bonds or other obligations of the authority issued or incurred to finance the projects; (2) to meet the cost of, and to provide for, maintaining and operating the projects (including the cost of any insurance) and the administrative expenses of the authority; and (3) to create (during not less than the six years immediately succeeding its issuance of any such bonds) a reserve sufficient to meet the largest principal and interest payments which will be due on such bonds in any one year thereafter and to maintain such reserve. Nothing contained in this section shall be construed to limit an authority's power to rent commercial space located in buildings containing housing projects or non low-income units owned, acquired, financed, or constructed under RCW 35.82.070 (5), (19), or (20) at profitable rates and to use any profit realized from such rentals in carrying into effect the powers and purposes provided to housing authorities under this chapter.

## Nearby sections

- [RCW 35.82.010 RCW 35.82.010: Finding and declaration of necessity.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T35_C82_S010.md)
- [RCW 35.82.020 RCW 35.82.020: Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T35_C82_S020.md)
- [RCW 35.82.030 RCW 35.82.030: Creation of housing authorities.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T35_C82_S030.md)
- [RCW 35.82.040 RCW 35.82.040: Appointment, qualifications, and tenure of commissioners.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T35_C82_S040.md)
- [RCW 35.82.045 RCW 35.82.045: Cities with a population of four hundred thousand or more—Appointment of additional commissioners—Appointment, compensation of commissioners—Organization of authority.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T35_C82_S045.md)
- [RCW 35.82.050 RCW 35.82.050: Conflicts of interest for commissioners, employees, and appointees.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T35_C82_S050.md)
- [RCW 35.82.060 RCW 35.82.060: Removal of commissioners.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T35_C82_S060.md)
- [RCW 35.82.070 RCW 35.82.070: Powers of authority.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T35_C82_S070.md)
- [RCW 35.82.076 RCW 35.82.076: Small works roster.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T35_C82_S076.md)
- [RCW 35.82.080 RCW 35.82.080: Operation not for profit.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T35_C82_S080.md)
- [RCW 35.82.090 RCW 35.82.090: Rentals and tenant selection.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T35_C82_S090.md)
- [RCW 35.82.100 RCW 35.82.100: Cooperation between authorities.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T35_C82_S100.md)
- [RCW 35.82.110 RCW 35.82.110: Eminent domain.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T35_C82_S110.md)
- [RCW 35.82.120 RCW 35.82.120: Planning, zoning and building laws.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T35_C82_S120.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WA_T35_C82_S080. Check the current official text before relying on it. Not legal advice.