Public Banking & Affordable Housing

What is a public bank & how could it offer solutions to our affordable housing crisis? Join us for an evening of information & conversations with Washingtonians for Public Banking& the Thurston Housing Land Trust.

Washington needs to rapidly finance the construction of new housing units, especially affordable housing with accessible mortgage terms for low and moderate income families. A state-owned bank could do just that! Much like the existing Bank of North Dakota, a Washington State public bank would be financed by the state’s revenue, allowing it to make critical investments in the state's economy. Because a public bank operates on a nonprofit basis, it provides competition to private sector banking and acts as a financial support system for communities statewide. Through public banking and partnerships with organizations like the Thurston Housing Land Trust, Washington can make homeownership a widespread reality for low and moderate income families.