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 $10 million from bonds and the HTF repayment account in the 2019-2021 biennial 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 2019 funding round timeline is listed below.
|Application Solicited (NOFA)||Sept. 26, 2019|
|Application Q and A||Sept. 26-Nov. 20, 2019|
|Application Submittal Due Date||Dec. 31, 2019|
|Commerce Review of Applications||Jan./Feb., 2020|
|Notification of Award Date||March 16, 2020|
|Contract Negotiations, Drafting and Execution||March/April, 2020|
|Project Must Be Ready to Proceed With Preservation Activities||Sept. 1, 2020|
|Demonstration of Full Funding for Preservation Project Activities||Before contract execution but no later than Sept. 1, 2020|
|Anticipated Completion of Preservation Activities||June 30, 2021|
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
Applications for the 2019 Preservation Funding Round were due on December 31, 2019. Commerce received 33 applications requesting funding of approximately $15.7 million. A complete list of submitted applications can be found here.
2018 Funded Round
Awards for the 2018 HTF Housing Preservation Program (HPP) funding round were made on Oct. 18, 2018. The awards are posted on the Applying to the Housing Trust Fund (HTF) webpage. The HTF was able to fund 23 of the 38 applications received, for a total amount of $9,890,679. Click here to view the complete list of awarded projects.
Applying to the Housing Trust Fund
Policy Advisory Team
Evergreen Sustainable Development
Housing Trust Fund Handbook (PDF)
Housing Preservation Program
Landlord Mitigation Program
Operations and Maintenance Fund
Property Management Resources
Housing Trust Fund Reports
National Housing Trust Fund (NHTF)