Washington State COVID-19 Real Estate Construction Update

On April 24th, the investment community received great news that the Washington State Governor lifted some of the restrictions on construction in Washington state. Projects funded by hard money loans may resume with some new guidelines in place. We wanted to provide a summary of the recent changes. We highly encourage that each investor read through the regulations in order to make the necessary changes to their job sites. Key Points: Existing construction projects can be resumed with new COVID-19 safety plans only allowing work that can be performed while continuing to abide by social distancing requirements. Prior to recommencing work, all contractors are required to develop and post, at each job site, a comprehensive COVID-19 exposure control, mitigation, and recovery plan. All contractors are required to post, at each job site, a written notice to employees, subcontractors, and government officials the work that will be performed at that job site and a signed commitment to adhere to the requirements. All contractors have a general obligation to keep a safe and healthy job site in accordance with state and federal law. Click to View Full Governor's Order by Jay Inslee. The National Association of Home Builders has put together some process outlines and notices, they have some help tips and practices to help stream line your job site. We encourage investors to review processes and implement them into their current construction process. Click to View the COVID-19 Guidelines from the National Association of Home Builders Please be safe on all your job sites and congratulations on getting to resume your projects!