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.
Funds
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.
Funding Availability
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.
Questions
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). Click here to view a complete list of awarded projects
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. Click here to view the complete list of awarded projects.
Program Links
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
Funding and Awards
Need help?
Lisa Sanchez
htfhpp@commerce.wa.gov
360-789-5311