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How Does the Housing Trust Fund Operate?
Since 1986, the state’s Housing Trust Fund has invested more than $1 billion in capital funding and helped build or preserve more than 50,000 affordable housing units statewide.
The Washington Legislature makes biennial appropriations in the capital budget and directs the Department on how to invest the funds. The Housing Trust Fund provides capital financing through loans or grants to affordable housing projects through annual competitive application cycles.
Who Gets Housing?
Housing Trust Fund dollars support a wide range of capital projects that house a diverse array of low-income populations. Properties financed by the program can house people earning less than 80% of the Area Median Income, but most of these properties house households with special needs or incomes below 30% of the Area Median Income. This includes people and families experiencing homelessness, people needing supportive housing, seniors, veterans, farmworkers, and people with developmental or other disabilities. Special-needs projects coordinate with state and local service providers to ensure clients receive appropriate housing and services.
Is Your Organization or Project Eligible for Housing Trust Fund Funding?
Chapter One, Section 105 of the Housing Trust Fund Handbook (PDF) lists the kinds of organizations and activities eligible for Housing Trust Fund funding.
Housing Trust Fund Vision and Strategic Priorities
- 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