Housing Preservation Program
The Housing Preservation Program makes funds available for major building improvements, preservation, and system replacements necessary for existing Housing Trust Fund (HTF) multi-family rental projects. The purpose of the program is to maintain long-term viability of the existing HTF portfolio.
The state Legislature appropriated $20 million in the 2021-2023 capital budget. Housing Preservation Program funds may not be used to create new units.
For current funding opportunities, please visit the Applying to the Housing Trust Fund webpage.
The 2021 funding round timeline is listed below.
Application Solicited (NOFA)
October 14, 2021
Application Q and A
October 14 – November 30, 2021
Application Submittal Due Date
December 31, 2021
Commerce Review of Applications
January – February, 2022
Notification of Award Date
March 18, 2022
Contract Negotiations, Drafting and Execution
March – August, 2022
Project Must Be Ready to Proceed With Preservation Activities
September 1, 2022
Demonstration of Full Funding for Preservation Project Activities
Before contract execution but no later than Sept. 1, 2022
Anticipated Completion of Preservation Activities
June 30, 2023
Commerce reserves the right to revise this timeline.
For answers to questions related to the Housing Preservation Program NOFA or application, please refer to the FAQ.
2019 Funding Round
Awards for the HTF Housing Preservation Program (HPP) were made on March 31, 2020. The HPP was able to fund 32 of the 33 applications for a total of $15.1 Million. This important investment will help preserve and extend the affordability period for 934 units of affordable housing across our state, 677 of those benefitting extremely low-income households and individuals (below 30% of the area median income).
2018 Funded Round
Awards for the 2018 HTF Housing Preservation Program (HPP) funding round were made on Oct. 18, 2018. The HTF was able to fund 23 of the 38 applications received for a total amount of $9,890,679.
- Applying to the Housing Trust Fund
- HOME Program
- National Housing Trust Fund Program
- Housing Preservation Program
- Operations and Maintenance Program
- Evergreen Sustainable Development Standard
- Policy Advisory Team
- Annual Reporting
- Housing Trust Fund Handbook
- Property Management Resources
- Housing Trust Fund Reports
- Resources & Trainings