RCW 35.108.050: Annual report.

(1) Each land bank authority must prepare an annual report. The annual report must include:

(a) Real property parcels acquired, held, and transferred during the year;

(b) The manner of disposition and alignment with local housing and land use plans;

(c) How each action advanced a community benefit;

(d) The purchase price and assessed value of each parcel acquired;

(e) The sales price and assessed value of each parcel transferred;

(f) The number of housing units developed on each parcel transferred;

(g) The affordability covenants recorded for each parcel sold; and

(h) Progress toward advancing equity, preventing displacement, and meeting locally identified housing needs.

(2) A land bank authority must make annual reports publicly available and submit each report to any city or county in which it has acquired or transferred land or property in the last 12 months. Cities and counties receiving an annual report are encouraged to provide feedback on the land bank's activities and alignment with local housing and land use plans to help guide compliance with local and regional housing plans.