Delridge Neighborhood Development Association, Unity Village in White Center Project serving low income families since 2012.
Project serving low-income families since 2012 at Delridge Neighborhood Development Association, Unity Village in White Center.

The Housing Trust Fund program makes funds available for affordable housing projects through a competitive application process. Applications are generally accepted once a year, but timing and frequency can vary depending on the size and nature of appropriations to the program by the Legislature. Visit this page regularly for funding availability and application updates.

Updated training videos for the multifamily and homeownership application process are now available on the Resources & Trainings page. 

Department of Commerce announced a new funding opportunity for affordable multifamily/rental housing projects, not currently in the Housing Trust Fund (HTF) portfolio (such as US Department of Agriculture), that are at risk of losing affordability due to the impending expiration of use restrictions.

Applications were accepted on a first-come, first-served basis starting on May 12, 2022, and until all available funds are exhausted. See Notice of Funding Availability (NOFA) for details.

The legislature appropriated $10 million to the Housing Trust Fund (HTF) during the 2021-23 legislative session [SHB 1080 § 1072] solely for the preservation of affordable multifamily rental housing that is at risk of losing affordability due to expiration of use restrictions that otherwise require affordability for low-income households.

Pursuant to Substitute House Bill 1080, Section 7032 §4, three percent (3%) of the capital bond proceeds used for this funding round will be retained for the administration costs associated with application, distribution, and project development activities. The total amount available from the $10,000,000 appropriated from the State Building Construction Account – State in the 2021-2023 Capital Budget is $9,700,000.

Commerce held a funding round in 2021 and awarded $3.5 million to two projects in rural communities. View the list of awards here. Approximately $6.2 million of the appropriation remains for the 2022 funding round.

The 2022 Continuing Affordability NOFA (previously known as Affordability Preservation) identifies specific information regarding eligibility, funding requirements and priorities, the process for submitting an application, and dates of significance.

If you have questions about this funding, please send your inquiries to htfapp@commerce.wa.gov.

Applications were accepted from March 16 – April 16, 2022. Awards are anticipated to be announced on June 1, 2022.

Department of Commerce is happy to announce a new solicitation for applications, for the 2023 State Fiscal Year, from qualified owners/operators of permanent supportive housing (PSH) projects for funding of operating and maintenance costs, as well as reimbursement for the cost of supportive services offered to clients in PSH units.

Qualified applicants must own or operate multi-family housing projects funded by the Washington State Housing Trust Fund, or other public capital funding sources. 

Download the 2023 PSH-OMS Notice of Funding Availability (PDF) (NOFA #23-46411) to review the specific requirements to apply. If you have questions about this funding opportunity, reach out to the NOFA coordinator at OMSCoordinator@commerce.wa.gov

$33.2 million awarded to 9 projects to create or preserve 843 units

The Washington State Department of Commerce awarded $33.2 million to 9 affordable housing projects that will generate approximately 843 units from the 2021 Traditional HTF – Bond 4% Tax Credit funding round.

View the list of awards here.

2021 Traditional HTF – Bond 4% Tax Credit funding was made available to applicants interested in creating new, affordable multifamily/rental housing utilizing financing from the Washington Housing Trust Fund and the Bond/4% Low Income Housing Tax Credit program.

Commerce received 20 applications for the 2021 Traditional HTF – Bond/4% Tax Credit funding round, for a total request of $89.8 million.

View the list of applications received here.

The 2021 Traditional HTF – Bond/4% Tax Credit NOFA (#HFU-2021-06) identified specific funding requirements and priorities, the process for applying, and dates of significance for applicants.

If you have questions about this funding round, please submit them to htfapp@commerce.wa.gov.

$13.3 million awarded to 5 projects to create 296 new units

The Washington State Department of Commerce awarded $13.3 million to 5 affordable housing projects that will generate 296 units from the 2021 HOME & National Housing Trust Fund (NHTF) funding round.

View the list of awards here.

2021 HOME & NHTF funding was made available for applicants interested in creating multifamily/rental housing with capital financing from the federal HOME & NHTF programs.

Commerce received 5 applications for the 2021 HOME & NHTF funding round, for a total request of $15.5 million.

View the list of applications here.

The 2021 HOME & NHTF NOFA (#HFU-2021-05) identified specific funding requirements and priorities, the process for applying, and dates of significance for applicants.

If you have questions about this funding round, please submit them to htfapp@commerce.wa.gov.

42 projects awarded $20 million to preserve 1,192 units.

Department of Commerce awarded $20.4 million to projects seeking capital funding to preserve affordable housing in the Housing Trust Fund portfolio.

The list of awarded projects can be viewed here.

Applications were considered for existing Housing Trust Fund multifamily rental projects seeking preservation funding. Commerce received 57 applications from projects seeking funding for preservation of approximately 1,400 units in the Housing Trust Fund portfolio, for a total request of $41 million.

The list of applications received can be viewed here.

The 2021 HTF Housing Preservation Notice of Funding Availability (“NOFA”) identified specific information regarding funding requirements and priorities, the process for submitting an application, and dates of significance. 

Learn more about the HTF Housing Preservation program here: https://www.commerce.wa.gov/building-infrastructure/housing/housing-preservation-program/

Please send inquiries about the HTF Housing Preservation Program to htfhpp@commerce.wa.gov.

$51.3 million awarded to acquire 10 properties that will create 487 units

Department of Commerce awarded approximately $51.3 million in grants to 10 affordable housing projects throughout the state through Phase II of the Rapid Capital Housing Acquisition (RCHA) program. The complete list is available here.

The RCHA program offers capital funding to acquire real property for rapid conversion into enhanced emergency shelters, permanent supportive housing, transitional housing, permanent housing, youth housing, drop-in center, or shelter for people with extremely low incomes, as well as people experiencing sheltered and unsheltered homelessness, in Washington State.

The 2021 Rapid Capital Housing Acquisition NOFA (#HFU-2021-03) identified specific funding requirements and priorities, the process for applying, and dates of significance for applicants.

Phase I of the RCHA program was limited to organizations acquiring properties capable of housing people swiftly with minimal updates and evidence of local support.

Phases II of the RCHA program allowed for acquisition and rehabilitation activities with occupancy requirements within a specified period of time.

Funding for this program is now fully expended. Phase III of the RCHA program is postponed until further notice.

$80 million awarded to create or preserve 1,447 units

Department of Commerce awarded approximately $80 million in grants and loans for affordable housing projects in communities across the state. These funds will help create or preserve an estimated 1,281 multifamily rental units and provide assistance for 166 first time homebuyers. Funding comes from the state’s Housing Trust Fund (HTF), solicited under the 2021 Traditional HTF & Cottages NOFA (#HFU-2021-02).

Click here to view the 2021 Traditional HTF & Cottages Awards

This is a historic level of commitment to housing access in our state, but there is more demand remaining. In addition to the awarded projects, there were 39 projects seeking $175 million in additional funding. This represents a large number of nonprofits and housing authorities with the capacity to deliver more units of permanent supportive housing, and quality affordable housing in communities across the state. Commerce is prepared to put additional funds to use in our community.

A few highlights from the awards include:

  • 249 units of affordable housing to be developed in rural areas of our state;
  • Over 500 units to house people who are experiencing homelessness;
  • 135 units to serve people with chronic mental illness;
  • 166 homes provided to first-time homebuyers;
  • An average of $5 dollars leveraged for each state dollar invested.

85 applications were received for projects seeking $283 million in capital funding to develop affordable housing for people with low incomes in Washington State. The Housing Trust Fund administers a competitive process to allocate the State’s investments in coordination with other public funders. This biennium, the capital budget allocated $155 million in state bond proceeds, roughly 15% is reserved for direct appropriations or projects impacted by recent escalations in material and labor pricing.

The 2021 Traditional HTF/Cottages Notice of Funding Availability (“NOFA”) detailed specific information regarding funding requirements and priorities, the process for submitting an application, and dates of significance.

$3.5 million awarded to preserve 58 multifamily rental units

Department of Commerce awarded approximately $3.5 million in grants for two (2) affordable housing projects in rural areas of the state. See the complete list here.

These funds will help preserve an estimated 58 multifamily rental units in projects that are at risk of losing their affordability due to expiration of use restrictions. Funding comes from the state’s Housing Trust Fund, solicited under the 2021 Continuing Affordability NOFA #HFU-2021-01 in June 2021. The list of applications received in response to the NOFA can be viewed here.

The 2021 Continuing Affordability Notice of Funding Availability (NOFA) outlined specific information regarding eligibility, funding requirements and priorities, the process for applying, and dates of significance.

Commerce intends to reopen the Continuing Affordability opportunity later in 2021. If you have questions about any of the information in this announcement, please send your inquiries to: htfapp@commerce.wa.gov. Please be certain to indicate in the subject line of your email that your question is related to the Continuing Affordability NOFA.

$397 million anticipated to be requested in 2021/2022 funding rounds

On February 18, 2021, the Department of Commerce released a solicitation for pre-applications (FKA: Stage 1) to survey the need for the upcoming 2021 and 2022 Housing Trust Fund (HTF) funding cycles. Applications were due on March 25, 2021.

Commerce received 159 submittals in response to the 2021/2022 Pre-Application Solicitation. The total request finds $397 million needed for the construction or preservation of almost 8,772 units of affordable housing, including 126 shelter beds. The list of 2021/2022 pre-applications received is available at the link below.

2021/2022 HTF Pre-Applications Received

Submittals were received for multifamily/rental projects, homeownership-type projects, shelters, preservation of existing affordable housing (HTF portfolio or otherwise), projects utilizing innovative production methods (modular, tiny homes, cottages, etc.), and other HTF eligible project types.

The submittals will not be scored, nor will funding decisions for projects be made based on these pre-applications. Rather, they will be used to showcase the statewide need and project pipeline for the Housing Trust Fund in the upcoming 2021 and 2022 competitive funding cycles.

The 2021/2022 Pre-Application Solicitation can be viewed here.

The announcement for the next competitive funding round is scheduled for June 2021, pending the passage of the 2021-2023 Biennial Budget.

If your project is located in a CDBG non-entitlement jurisdiction and needs funding for off-site* infrastructure work or related community facilities, please visit the CDBG Specialty Grants page for information regarding the CDBG program, the required partnership with the local government, and other requirements. 
*The Housing Trust Fund cannot pay for off-site infrastructure costs.

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