HOUSING FINANCE COMM'N v. O'BRIEN

No. 49739-7.

100 Wn.2d 491 (1983)

671 P.2d 247

THE WASHINGTON STATE HOUSING FINANCE COMMISSION, Petitioner, v. ROBERT S. O'BRIEN, ET AL, Respondents.

The Supreme Court of Washington, En Banc.

October 28, 1983.


Attorney(s) appearing for the Case

Preston, Thorgrimson, Ellis & Holman, by Larry M. Carter and Jay A. Reich, for petitioner.

Kenneth O. Eikenberry, Attorney General, and Philip H. Austin, Senior Deputy, for respondents.


DIMMICK, J.

Does the authority granted by the Legislature to the Washington State Housing Finance Commission violate the Washington State Constitution which prohibits lending of the state's credit? We find that it does not.

The Legislature created the Commission after investigating the impact of Washington's severe economic recession on the state's housing needs. It found that the sustained high interest rate in...

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